The E-Sylum:  Volume 10, Number 9, March 4, 2007, Article 25

IRAN FLEXES NUCLEAR MUSCLE IN NEW BANKNOTE DESIGN

"Iran is to issue a new high-denomination banknote marking the country's
achievements in nuclear technology at a time of mounting tension with
the West over its atomic programme, the IRNA agency reported Saturday.

"The new 50,000 rial note -- at around five dollars worth more than
twice the value of any other note in circulation -- sports a picture
of the standard nuclear insignia of electrons in orbit around an atom.

"Iran has defied UN demands for a halt to sensitive nuclear activities
and instead has pressed on with its atomic programme which has become
a source of national pride.

"The head of printing at the Islamic republic's central bank, Jalal
Jalilian, denied there was any link between the issuing of the note
and rising prices of basic foodstuffs in Iran.

"'Bank notes are a medium of exchange and (their printing) has nothing
to do with depreciation of the national currency,' he said."

To read the complete article, see: Full Story

  Wayne Homren, Editor

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