Iran new 100,000-rial note (B289a1) confirmed

According to a Bloomberg BusinessWeek article dated 16 June 2010, the Central Bank of the Islamic Republic of Iran issued a new 100,000-rial (US$10) note on 22 June. Governor Mahmoud Bahmani said the bank will print at least 150 million of the new notes, though he promised it won’t increase the inflation rate (currently around 10 percent). The new banknotes will reduce the need for cheques (banknote-like documents available in denominations of half- and one-million rials) that Iranians buy from banks to use in large transactions. Cheques are transferred between individuals in the same way as cash, but are canceled when presented at banks for deposit.

B289 (P151): 100,000 rials (US$3.65)

Green. Front: Farsi text; stylized shamce and eslimi flowers; Ayatollah Ruhollah Khomeini. Back: English and Farsi text; lines from Golestan (The Rose Garden), a poem by Saadi; trees and Saadi’s tomb in Shiraz. Solid security thread with printed Farsi text (Bank Markazi Jomhouri Islami Iran). Security thread varieties. Watermark: Ruhollah Khomeini and electrotype 100000. Printer: (TAKAB). 166 x 79 mm. Paper.

a1. No date. Sig. 29: Bahmani/Hosseini.
Windowed security thread with demetalized 100000 and stylized sun. Intro: 22.06.2010.

Courtesy of Saeed Abdullah, Abdullah Beydoun, and Armen Hovsepian.

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