2017-03-09 Thu

Small-sized versions of 50,000-rial and 100,000-rial banknotes with new designs will be released by the Central Bank of Iran. A new smaller version of 10,000-rial banknotes was revealed by the central Bank officially last week. Officials said that the printing costs have reduced by 50% after electronic banking has been promoted over the last few years. CBI has been given the permission to issue new traveller checks for the next Iranian year as well.