The Central Bank of Iran (CBI) via its Central Bank Governor Mahmoud Bahmani has announced a new bank note worth 100,000 rials which is double the value of the country's former largest note of 50,000 rials will be out this month. The 100,000-rial bill comes with new security features, which would allow CBI experts to distinguish it with special equipment at an advanced level. Mr Bahmani said the new notes should be used in place of travellers' cheques.
The special travellers' cheques, which local banks issue, can each be worth up to 2m rials.
The banknote bears the three-dimensional image of the late founder of the Islamic Revolution of Iran, Imam Khomeini, as watermark. A strip bearing a hologram depicting CBI headquarters is another security feature of the new banknote. According to a CBI official, Mahmoud Ahmadi, the bank has so far printed 10 million 100,000-rial banknotes and is scheduled to print a total of 200 million more by March, 2011. The 100,000-rial banknote is made of cotton and bears the color olive green.
On 12 March 2007, Iran had issued a 50,000 rial banknote with the subject being the Iranian nuclear energy program. The note features a quote by the prophet Mohammed, translated as: "Even if science is at the Pleiades, some people from the land of Persia would attain it". Banknotes currently in circulation are 100, 200, 500, 1000, 2000, 5000, 10,000, 20,000 and 50,000 rials. After the death of Ruhollah Khomeini, his portraits were used on the obverse of 1000 rial banknote and greater.
Source: PressTV, BBC News UK, Wikipedia.
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