3705
CBI Issues High-Security Notes
Economy, Business And Markets

CBI Issues High-Security Notes

The secretary general of Central Bank of Iran (CBI) has stated that the bank is the main organization in charge of issuing banknotes with high security features.
Mahmoud Ahmadi said on Tuesday that Iran is now self-sufficient in producing paper used for monetary and banking purposes.
Speaking in a conference of Counterfeit Deterrence Headquarters in Tehran, he said it is the direct responsibility of the central bank as per law to issue and circulate Iran Checks (500,000 rial and one million rial notes) and other notes, though it is done through collaboration with other related authorities.
The process of printing banknotes started in 1984 with the 200-Rial banknote, and now by using advanced technologies, Iran has attained self-sufficiency in issuing all bank notes and securities, Ahmadi noted.
He asserted that considering the importance of the subject, Iran has been producing high security featured papers for notes and securities since 2003. Having the equipment and technologies required, the CBI also produces other documents with security features such as birth certificates and National ID Cards among others. As a result of Iranian experts’ quality work, “counterfeiting has not been an issue.”
According to an enactment by the Supreme National Security Council, organizations responsible for detecting counterfeit money and documents are obliged to report to the CBI.
The conference of Counterfeit Deterrence Headquarters was held by the central bank with the collaboration of 11 ministries on October 27-29 at the IRIB International Conference Center.

Short URL : http://goo.gl/L89Xk0

You can also read ...

US’ Iran Policy Headed for Train Wreck With Afghan Policy
US President Donald Trump’s decision to pull out of the Iran...
BMI Outlines Forex Measures
Director of Bank Melli of Iran’s Foreign Exchange Department...
With the US Out, How Can Iran Benefit From JCPOA?
In Iran, the only surprise regarding US President Donald Trump...
5-6% Flexibility in USD Rate Until March
Governor of the Central Bank of Iran said the exchange rates...
Non-Oil Trade With Malaysia Rises 23%
Iran traded $694.64 million worth of non-oil goods with...
Apple Pays Ireland 1st Tranche of Disputed Taxes
Apple has paid €1.5 billion ($1.76 billion) into an escrow...
Mineral Projects Worth $3.6b in the Pipeline
More than $3.6 billion worth of mineral projects are to be...
So far, 90 video games have been submitted to enroll  in the Gamistan Awards.
The second round of Tehran Game Convention is slated for July...

Trending

Googleplus