Iran new 500,000-rial cheque (B296a) unveiled 01.01.2019

According to an Iran Front Page article dated 2 January 2019, the Central Bank of Iran has unveiled a new 500,000-rial note (B296a) design. The new note is similar to the same denomination issued in 2014 (B294a), but orange in color, repositioned vignettes on front, and Mount Damavand on back. Most notably, the denomination is expressed as 50 in the lower right corner front/back, an indication that the CBI intends to eventually revalue the rial by removing four zeroes.

Courtesy of Tu Minh Duy.

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