Iran to withdraw notes with opposition slogans

In response to the circulation of banknotes scrawled with opposition slogans—such as "Death to the dictator”—following President Mahmoud Ahmadinejad's disputed June re-election, the Central Bank of the Islamic Republic of Iran has declared that defaced banknotes will be invalidated if not exchanged by 8 January 2010.

This move is ironic because Iran’s current leaders likely spent similarly defaced banknotes following the country’s 1978-1979 Islamic Revolution, a time when the Shah of Iran’s portrait was overprinted (officially and unofficially).

Courtesy of Jim W.-C. Chen, Aidan Work, Tristan Williams, and others.
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Iran new 20,000-rial note confirmed

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20,000 rials (US$2).
Front like Pick 148, but with new signature combination of Bahmani and Hosseini. Back now depicts Masjid-ul Aqsa (Al-Masjid Al-Aqsa) in Jerusalem.

Courtesy of Rui Manuel Palhares, Abdullah Beydoun, and Omer Yalcinkaya.
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Iran new signature variety 2,000-rial note confirmed

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2,000 rials (US$0.20). Like Pick 144, but new signatures.

I originally reported the signature combo as Mazaheri - Bahmani, basing my info on the signature table at Peter Symes’ excellent site, Islamicbanknotes.com. However, I have recently been contacted by Ali Nasseri who says:

The Islamicbanknotes.com has the signature of Hosseini - Bahmani that is correct, but has a mistake too!

Hosseini - Bahmani notes (2000, 5000, 20000 and 50000 Rials) put into circulation after "Danseh Jafari - Mazaheri - Sign 34" notes (2000, 20000 and 50000) and everybody has thought that they are sign 35, even me.

But, because Mr. Mazaheri was the preident of CBI, few month after Mr. Hosseini and before Mr. Bahmani, so the new 2000 Rls is printed before of all "Hosseini - Bahmani" notes (2000, 5000, 20000 and 50000 Rials), so, the new signature "Hosseini - Mazaheri" is printed former than "Hosseini - Bahmani".

I should tell frankly that the previous numeration is mistake and most rewrite according below:
Signature 34: "Danseh Jafari - Mazaheri" (As previous)
Signature 35: "Hosseini - Mazaheri" (new claim)
Signature 36: "Hosseini - Bahmani" (incorrect sign. 35)

Plus, you mentioned "Mazaheri - Bahmani" in your website. Those are both CBI's presidents. Where is the minister of finance's signature??? It is imposible that both of signatures belong to Central Bank presidents.

I corrected the signatures list and you can see them here.

Courtesy of Rui Manuel Palhares and Ali Nasseri.
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Iran issues new 5,000-rial note featuring Omid satellite

On 19 July 2009, the Central Bank of the Islamic Republic of Iran introduced a new 5,000-rial (US$0.50) banknote with images of Omid, Iran’s first domestically-produced research and telecommunications satellite, which was launched into space on February 3. "In order to commemorate its achievements in space sciences the government has given permission to the central bank to use pictures of the Omid satellite and its rocket launcher on both banknotes and coins," the Abrar newspaper said.

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The new undated note measures 154 x 75 mm and features a portrait of Imam Khomeini on front and the Omid satellite and earth on back. The watermark is of Khomeini, with a 0.5-mm wide windowed security thread with demetalized denomination in Persian and Latin.

Anyone interested in buying this note can contact the contributor by clicking the link below. Be sure to say you saw it mentioned here on Banknotenews.com.

Courtesy of Ali Nasseri.
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Iran revised 2,000-rial note reported

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Like P144, but new signature.

2,000 rials (US$0.20)
Pink and dark yellow. Front: Ayatollah Ruhollah Khomeini. Back: Ka’aba at the Holy Mosque in Mecca. Microprinted solid security thread. Watermark: Khomeini. 150 x 72 mm. No date. Signature: Davood Danesh Djafari and Tahmasb Mazaheri. Introduced 25.09.2008.

Courtesy of Ali Nasseri.

© 2008: Neither information nor images from this site may be reproduced without permission from owen [AT] banknotenews [DOT] com.
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Iran issues 500,000- and 1-million rial cheques

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.

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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.

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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.
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Iran to revalue the rial

According to a Gulfnews.com article dated September 18, 2008, with inflation running above 27%, Iran’s central bank will revalue the Islamic Republic’s currency by slashing at three to four zeros, state radio quoted the governor, Tahmasb Mazaheri. Two days later, after clashing with President Mahmoud Ahmadinejad over economic policies, Mazaheri resigned, to be replaced by the bank’s general secretary, Mahmoud Bahmani.

© 2008: Neither information nor images from this site may be reproduced without permission from owen [AT] banknotenews [DOT] com.
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Iran new sig. variety 50,000-rials note reported

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50,000 rials (US$5.40), ND (2007). Like the IRR50,000 reported in IBNS Journal 46.1p21, but new signatures (Mazaheri and Danesh Jafari).

Images courtesy of Armen Hovsepian (www.armenstamp.com).

© 2008: Neither information nor images from this site may be reproduced without permission from owen [AT] banknotenews [DOT] com.
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Iran issues new 50,000-rial note featuring nuclear insignia

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Nuke

50,000 rials (US$5.40), ND (2007). Issued March 12, 2007. Orange and lemon. Ayatollah Ruhollah Khomeini as portrait and watermark along with electrotype denomination, 2.5 mm windowed security thread, and registration device. Map of Persian Gulf with electrons orbiting an atom, and a legend from Prophet Mohammed: “If the science exists in this constellation, men from Persia will reach it,” on back. 166 x 79 mm.

Images courtesy of Central Bank of the Islamic Republic of Iran and Hamid Reza Ebrahimi.

© 2008: Neither information nor images from this site may be reproduced without permission from owen [AT] banknotenews [DOT] com.

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Iran considering knocking three zeros off the rial

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On September 11, 2007, Iran’s central bank governor, Tahmasb Mazaheri, admitted that the bank is examining a proposal to knock three zeros off the rial to increase economic confidence and reduce the number of banknotes necessary to conduct cash transactions. Since the Islamic revolution of 1979, the exchange rate of the rial has gone from 70 rials to the dollar to 9,300 rials today. Iran’s largest denomination, the 50,000-rial note, was issued on March 12, 2007, and is worth approximately US$5.40.

© 2008: Neither information nor images from this site may be reproduced without permission from owen [AT] banknotenews [DOT] com.
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