Iran has introduced a new 10 million rial banknote — the highest denomination in its history . But despite the huge number, its actual value is only around $7–$8, showing how much the currency has weakened over time.
The move comes as inflation and devaluation continue to rise . Officials say it’s meant to manage liquidity during economic pressure, following the recent release of a 5 million rial note — a clear sign of how rapidly things are changing
The move comes as inflation and devaluation continue to rise . Officials say it’s meant to manage liquidity during economic pressure, following the recent release of a 5 million rial note — a clear sign of how rapidly things are changing
Iran has introduced a new 10 million rial banknote — the highest denomination in its history . But despite the huge number, its actual value is only around $7–$8, showing how much the currency has weakened over time.
The move comes as inflation and devaluation continue to rise . Officials say it’s meant to manage liquidity during economic pressure, following the recent release of a 5 million rial note — a clear sign of how rapidly things are changing
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