Iran's Central Bank Issues New 10 Million Rial Banknote Amid War and Soaring Inflation

Iran's Central Bank has introduced a new 10 million rial banknote into monetary circulation during the war and amid a renewed surge in inflation. The 10 million rial banknote was issued amid growing concerns about the value of the rial, access to cash, and rising costs of basic goods. At the same time, long queues in front of ATMs and increased demand for cash have been described as signs of mounting economic pressure across the country.