According to an article in TehranTimes and an article in Bloomberg, both dated 3 March 2013, the Central Bank of the Islamic Republic of Iran plans to issue 200,000-rial and 500,000-rial banknotes. The bank will begin printing 200,000-rial ($16) banknotes as soon as it receives permission from the Economy Ministry
According to an article in MarketWatch dated 17 October 2012, Germany’s Koenig & Bauer Aktiengesellschaft (KBA) has agreed to stop supplying SPMO [Iran’s Security Printing and Minting Organization] and the Central Bank of Iran with the equipment needed to produce rial banknotes, as part of international efforts to force Iran
According to an article in the Washington Post dated 16 July 2011, the Central Bank of Iran is taking a poll to gauge the public’s preferences for new names for the country’s currency, including the current rial, as well as historic names such as toman, parsi, and derik. The bank
According to an article in Tehran Times dated 7 April 2011, Mahmoud Bahmani, the governor of the Central Bank of the Islamic Republic of Iran, said the bank has begun studying plans to remove four zeros from the rial, and will seek approval from the Monetary and Credit Council within
This interesting engraving appears on the front of B114, the 1,000-rial note of 1934. The image—described in SCWPM as “warrior killing fabulous creature”—also appears on the date stamps of subsequent issues.IDENTIFIED: Darius the Great stabbing Ahriman monster from stone relief at Persepolis. Courtesy of Raphael.
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