{"id":554976,"date":"2026-03-21T13:10:09","date_gmt":"2026-03-21T13:10:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/554976\/"},"modified":"2026-03-21T13:10:09","modified_gmt":"2026-03-21T13:10:09","slug":"iran-launches-10-million-rial-note-highest-ever-denomination-as-war-deepens-economic-crisis","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/554976\/","title":{"rendered":"Iran launches 10 million rial note, highest-ever denomination, as war deepens economic crisis"},"content":{"rendered":"<p> <img src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/03\/photo-credit-ap.jpg\" alt=\"Iran launches 10 million rial note, highest-ever denomination, as war deepens economic crisis\" decoding=\"async\" fetchpriority=\"high\"\/> Iran has introduced its highest-value banknote yet \u2014 a 10 million rial note \u2014 as war and economic turmoil push the country\u2019s financial system to the brink. According to Financial Times reporting, the new note, worth roughly $7, has already begun circulating through banks as long queues form outside cash machines, with many running dry amid fears that electronic payment systems could fail during the ongoing US-Israel conflict.The move marks a sharp escalation in Tehran\u2019s response to spiralling inflation and a collapsing currency. The pink banknote, featuring the historic Jameh Mosque of Yazd on one side and the ancient Bam Citadel on the other, overtakes the 5 million rial note introduced just weeks earlier. Authorities insist the measure is designed to \u201censure public access to cash\u201d, even as digital banking remains officially prioritised.  <\/p>\n<p> Watch<\/p>\n<p> Inside Trump\u2019s \u2018Secret Mission\u2019 To Secure Iran\u2019s Nuclear Stockpile Amid War The rapid rollout reflects a deeper crisis. Iran\u2019s rial has plunged to around 1.6 million to the US dollar, close to record lows, eroding purchasing power after years of sanctions and economic isolation. Inflation has surged, with basic goods becoming increasingly unaffordable. Food prices have doubled over the past year, while some staples have risen far more sharply, forcing families to cut back drastically on essentials.The strain has been building for months. Protests that erupted earlier in January over the rising cost of living were met with a sweeping crackdown, including the closure of dozens of businesses accused of supporting the unrest. Internet shutdowns during that period wiped out incomes for many small entrepreneurs, particularly those reliant on online platforms, leaving lasting scars on already fragile livelihoods.Now, the war has intensified the pressure. Continued US and Israeli strikes, including attacks on key nuclear facilities such as Natanz, have deepened uncertainty. While officials say there has been no radiation leak, the conflict has rattled markets and further weakened investor confidence. Cash transactions have surged, with traders and merchants increasingly avoiding credit or cheques amid fears of instability..<\/p>\n","protected":false},"excerpt":{"rendered":"Iran has introduced its highest-value banknote yet \u2014 a 10 million rial note \u2014 as war and economic&hellip;\n","protected":false},"author":2,"featured_media":554977,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164,274132,274131,274129,205062,274130],"class_list":["post-554976","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy","tag-food-prices-in-iran","tag-inflation-in-iran","tag-iran-10-million-rial-note","tag-iran-economic-crisis","tag-us-israel-conflict-impact"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/554976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=554976"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/554976\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/554977"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=554976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=554976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=554976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}