PREV ARTICLE
NEXT ARTICLE
FULL ISSUE
PREV FULL ISSUE
IRAN RELEASES NEW 200,000 TOMAN BANKNOTERecently we discussed Iran's massive inflation and plans under consideration to revalue its nearly worthless currency. But meanwhile they've release a new high denomination note. -Editor 
Iran's Central Bank announced on Friday the release of a new series of banknotes with a face value of 200,000 Toman (1.9 USD current price). According to the bank, the new design features an image of the Mosque of Ruhollah Khomeini in Isfahan on the front, while the back displays a painting of "Chogan" by the artist Mahmoud Farshchian. This announcement comes as Iran faces an unprecedented wave of popular protests, fueled by worsening economic conditions and the collapse of the national currency, which has reached record lows. The US dollar has surged to 95,300 Toman, and the price of a gold bullion coin has surpassed 79 million Toman. I noted earlier the clever halfway measure of printing the last four zeroes in paler colors. As the article states, the 200,000 tomans note ($2 million rials) is worth less than a U.S. $2 bill. -Editor
To read the complete article, see:
To read the earlier E-Sylum article, see:
Wayne Homren, Editor The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org. To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com To subscribe go to: https://my.binhost.com/lists/listinfo/esylum All Rights Reserved. NBS Home Page Contact the NBS webmaster 
|