Iran Issues 10 Million Rial Banknote Amid Soaring Inflation

Iran Issues 10 Million Rial Banknote Amid Soaring Inflation As the Iran war rages, Tehran has rolled out a new 10 million rial banknote, its highest-ever denomination, as authorities seek to "manage" soaring inflation and meet demand for hard cash... but mostly to "manage" soaring inflation, similar to how Venezuela would add a new 0 to its currency every week in the late days of the Maduro ergime before everyone simply gave up.  Banks, which have been targeted on at least one o...

By Tyler Durden