Iran

In August 2008, the central bank issued new “cheques,” which—due to political, financial, and social reasons—it claims are not banknotes even though they circulate like legal tender and do not require endorsement. They were introduced to replace the array of high-denomination promissory notes which private banks had been issuing toRead More…

B302 (PNL): 1,000,000 rials (US$24) Blue and red. Front: Farsi text; denomination as puzzle number registration device; Shrine of Fatima Masumeh in Qom. Back: English and Farsi text; unknown oil refinery; denomination as puzzle number; 100 in gold-to-green SPARK. 2.5-mm gold-to-green windowed security thread with demetalized I. R. IRAN. SolidRead More…

B299 (PNL): 20,000 rials (US$0.50)Blue. Front: Farsi text; denomination as puzzle number registration device; Ayatollah Ruhollah Khomeini. Back: English and Farsi text; Mausoleum of Poets in Tabriz; denomination as puzzle number. 2.5-mm windowed security thread with demetalized CBI. Watermark: Ruhollah Khomeini and electrotype 2. Printer: (TAKAB). 156 x 71 mm.Read More…