Iran will double the denomination of its largest banknote to 100,000 rials ($9.98), Central Bank Governor Mahmoud Bahmani said.
The Persian Gulf country will print at least 150 million of the new notes and distribute them over three months, starting June 22, Bahmani was cited as saying today by the state-run Mehr news agency.
The issuance of the notes won’t increase the inflation rate, he said.
