News & Blog

Iranian Banknotes - all change

Posted on Thu, 21 January 2010 by Phil Mussell - Banknote News

Iranian President Mahmoud Ahmadinejad has stated that Iran needs to "re-denominate" its banknotes and apparently the Central Bank is looking to cut three zeros from the notes. The rial is the official currency of Iraq and currently there are about 10,000 to one US$ - that looks set to change with the new denominated currency equalling just 10 rial to the US$ For more information see here