B303 (PNL): 2,000,000 rials (US$48)Green and orange. Front: Farsi text; denomination as puzzle number registration device; Naqsh-e Jahan Square in Esfahan. Back: English and Farsi text; two men on horseback holding mallets playing chogān; denomination as puzzle number; 200 in gold-to-green SPARK. 2.5-mm gold-to-green windowed security thread with demetalized I.Read More…

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…