Iran Prints New 10 Million Rial Note

The Central Bank of Iran has initiated the issuance of a new 10 million rial banknote, the highest denomination ever printed, in an attempt to address a shortage of cash and rising inflation. This move is driven by concerns over malfunctions in automated teller machines and the impact of the ongoing war. The inflation rate is currently estimated at nearly 50% annually, highlighting significant economic challenges within the country.

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