Smaller Banknotes Coming
Economy, Business And Markets

CBI: Smaller Banknotes Coming

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.

The central banker also said that printing expenses has declined by 50% during the current Iranian year (ends March 20), due to CBI’s measures to promote electronic banking services in recent years.

Majlis on Saturday permitted CBI to issue new traveler checks for the next Iranian year.


Short URL : https://goo.gl/oGg7E2
  1. https://goo.gl/ECpp23
  • https://goo.gl/NVmEbU
  • https://goo.gl/MLolrm
  • https://goo.gl/EPme0J
  • https://goo.gl/Q2Un4E

You can also read ...

Qatar, Oman Becoming Iran's New Trade Gateways
Iran is working to curb its trade ties with the UAE, replacing...
Connectivity Central to Iran-India Future Ties
Iranian President Hassan Rouhani’s recent state visit to India...
Nissan to Test Self-Driving Taxis
Nissan Motor Co is taking its first steps to becoming an...
Export Billet Prices Climb Amid Higher Offers, Transactions
Iranian export billet prices went up by $5-15 per ton on an...
Coated Steel Strip Production Jumps 42% in 10 Months
Iran’s coated steel strip output reached a record 1.26 million...
Renewed Efforts to Sideline US Dollar in Foreign Trade
Months after a meeting between Iran’s Leader Ayatollah Seyyed...
Rial Gaining Ground
Rial continued its gain against the US dollar in Tehran's...
Exports to Thailand, Indonesia See Biggest Rise
Iran’s exports to Thailand and Indonesia, crude oil excluded,...

Add new comment

Read our comment policy before posting your viewpoints