Article: Iranian Central Bank becomes only legal issuer of banknotes

The Media Line News Agency, Special to The Jerusalem Post
Jerusalem Post
08-25-2008
Headline: Iranian Central Bank becomes only legal issuer of banknotes
Byline: The Media Line News Agency, Special to The Jerusalem Post
Edition; Daily
Section: News
Page: 07

Monday, August 25, 2008 -- The Iranian central bank has begun issuing its own high-denomination banknotes to replace banknotes provided by the country's private banks.

From now on only banknotes provided by the central bank will be valid for use as payment, the Iranian state news agency IRNA reported on Saturday.

Central bank governor Tahmasb Mazaheri told IRNA that the monopolization of the printing of banknotes would make it easier for ...

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