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Thursday, June 24, 2010

Iran unveils new 100,000-rial banknote

The Central Bank of Iran (CBI) has unveiled a new bank note worth 100,000 rials which is double the value of the country's former largest note of 50,000 rials.

The 100,000-rial bill comes with new security features, which would allow CBI experts to distinguish it with special equipment at an advanced level.

The banknote bears the three-dimensional image of the late founder of the Islamic Revolution of Iran, Imam Khomeini, as watermark. A strip bearing a hologram depicting CBI headquarters is another security feature of the new banknote.

According to a CBI official, Mahmoud Ahmadi, the bank has so far printed 10 million 100,000-rial banknotes and is scheduled to print a total of 200 million more by March, 2011.

The 100,000-rial banknote is made of cotton and bears the color olive green.