Currency Crisis Deepens: Iran Unveils 10 Million Rial Note as Inflation Spiral. Iran has introduced a new 10 million rial banknote amid soaring inflation and a depreciating currency, exacerbated by ongoing conflict.

Iran has introduced its highest-ever denomination banknote, a 10 million rial note—as war and economic turmoil push its financial system into deeper distress. Why Iran launched the new note The move comes amid: Soaring inflation A sharply depreciating currency Rising fears of financial system instability The new note, worth roughly $7, is already in circulation as long queues form at ATMs, many of which are running dry. Authorities say the rollout is meant to “ensure public access to cash,” even as digital payments remain officially encouraged. Currency collapse and inflation shock Iran’s rial has plunged to around 1.6 million per...