Monday, March 4, 2013
Coming Soon--Larger Denomination Iranian Currency
By: Jabbar Fazeli, MD
Mr. Majid Saniei (مجید صنیعی), the head of the Mint department of the Iranian Central Bank, told Mehr news yesterday that the Central Bank has recommended the printing of larger denomination currency notes (1). He said that the larger bills were necessary to meet current needs.
The largest Iranian currency note is 10,000 Tomans (or 100,000 rials). The proposed bills, pending the approval of the Treasury, are 20,000 Tomans followed by 50,000 Tomans notes, according to Mr. Saniei.
Photo source: Mehr news