Iran to reduce size of future banknotes

The Central Bank of the Islamic Republic of Iran has announced that the size of future Iranian banknotes will be reduced, Newslist reports.

"The Central Bank of Iran plans to print banknotes in smaller sizes, the director of CBI’s Office for Banknote Issuance said.

"CBI is also working on new designs for 50,000-rial and 100,000-rial banknotes," Fars News Agency also quoted Masoud Rahimi as saying on Saturday.

The central bank last week unveiled a new version of 10,000-rial banknotes, which is smaller than the current notes, during President Hassan Rouhani’s visit to the bank."

Steven Sunday 12 March 2017 at 09:38 am | | news
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