Iran issues 500,000- and 1-million rial cheques
25 09, 2008 07:41 Category: Middle East
In August 2008, the central bank issued new cheques, which it claims are not banknotes although they are legal tender just as if they were. They were introduced to replace the array of high-denomination promissory notes which private banks had been issuing to enable their customers to carry out large transactions and which are now banned as the central bank has moved to reassert control over the money supply.
500,000 rials (US$51.90)
Dark pink and brown. Front: Main gate of Imam Reza Holy Shrine in Mashhad. Back: Calligraphic text; Islamic design of flower. 2.5-mm microprinted windowed security thread. Watermark: Hakim Aboul-ghasem Ferdowsi. 160 x 75 mm. No date (2008). Signature: CBI president, Mr. Tahmasb Mazaheri. Introduced 16.08.2008.
1,000,000 rials (US$104)
Light blue and light brown. Front: Tachar Palace-Perspolis ruins in Shiraz. Back: Calligraphic text; Islamic design of flower. 2.5-mm microprinted windowed security thread. Watermark: Hakim Aboul-ghasem Ferdowsi with electrotype denomination. 160 x 75 mm. No date (2008). Signature: CBI president, Mr. Tahmasb Mazaheri. Introduced 23.08.2008.
Courtesy of Ali Nasseri.
500,000 rials (US$51.90)
Dark pink and brown. Front: Main gate of Imam Reza Holy Shrine in Mashhad. Back: Calligraphic text; Islamic design of flower. 2.5-mm microprinted windowed security thread. Watermark: Hakim Aboul-ghasem Ferdowsi. 160 x 75 mm. No date (2008). Signature: CBI president, Mr. Tahmasb Mazaheri. Introduced 16.08.2008.
1,000,000 rials (US$104)
Light blue and light brown. Front: Tachar Palace-Perspolis ruins in Shiraz. Back: Calligraphic text; Islamic design of flower. 2.5-mm microprinted windowed security thread. Watermark: Hakim Aboul-ghasem Ferdowsi with electrotype denomination. 160 x 75 mm. No date (2008). Signature: CBI president, Mr. Tahmasb Mazaheri. Introduced 23.08.2008.
Courtesy of Ali Nasseri.
