CBI Buttressing Banknotes’ Security
Economy, Business And Markets

CBI Buttressing Banknotes’ Security

The Central Bank of Iran has outlined measures to enhance banknotes’ security features, CBI’s official website announced. “In the wake of the nuclear deal with world powers, CBI has managed to equip the Organization for Printing Banknotes and Coins with the latest technologies,” the report said.  According to the report, Iran was denied access to advanced technologies during the sanctions era, especially in printing new banknotes, which could have thrust the country into a crisis. “However, CBI could handle the situation,” it said. The central bank also noted that in support of national production, CBI signed an agreement with Shahid Bahonar Copper Industries Company in order to meet all of its requirements for minting coins. This led to a halt in the import of required alloys from overseas. Augmented Reality used in a new application designed by CBI was another hallmark in the report. With the help of the new application, people can verify the authenticity of banknotes.

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