The Central Bank of Iran has started printing 2-million-rial traveler' checks (‘Iran Cheque’) to help facilitate transactions, Ehsan Khandouzi, the economy minster said adding that decision was taken in response to the people's demand for easier access to cash.
The one million and 500,000 rial Iran checks have been in circulation for years.
"Iran is one of the advanced countries when it comes to online banking. The need for carrying physical cash is minimal in the country. However, in certain situations, people still require cash and the 2-million-rial traveler checks aims to address this need," Khandouzi, who also is a spokesman for the government's economic department, told reporters according to SHADA.
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