Category Archives: Central Bank of Iran

Iran Unveils New Generation of Banknotes

The Central Bank of Iran has unveiled the new generation of 1,000 Toman, 2,000 Toman, and 5,000 Toman banknotes, and the process of issuing and supplying these banknotes will take place over the coming months. According to Amir Shokri, Head of the Banknote and Coin Production Organization, all banknotes will be distributed in a single […]

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Iran: Government approves plans to re-denominate rial currency and transition to new name of toman

The government of the Islamic Republic of Iran has voted (31st July) to approve a plan which will see the beleaguered currency have four digits removed from its monetary structure. Currently, the Iranian rial trades in markets at 120,000 to one U

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Iran Executes “Sultan of Coins” for Hoarding Gold Coins

Special courts set up in August have handed out multiple death sentences in similar cases By CoinWeek News Staff ….   Two weeks ago, international news agencies reported that Iran had executed two men for hoarding gold coins. As part of a larger effort to control the Iranian economy after reimposed sanctions by the United […]

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CoinWeek News Wire for April 14, 2017

By Coinweek …. CoinWeek News Wire for April 7 2017 Brain Food 1.) Test How Much You Know About Bitcoin As the world’s monetary systems teetered on the edge in late 2008, some computer whizzes sought a digital solution. As Lehman Brothers lay dying, a math-based, completely digital means of exchange known as bitcoin was […]

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CoinWeek News Wire for April 14, 2017

By Coinweek ….   CoinWeek News Wire for April 14 2017 Brain Food 1.) Test How Much You Know About Bitcoin As the world’s monetary systems teetered on the edge in late 2008, some computer whizzes sought a digital solution. As Lehman Brothers lay dying, a math-based, completely digital means of exchange known as bitcoin […]

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