Iran launches 10mn rial banknote as war triggers dash for cash

The issuance of a 10 million rial banknote highlights the severe inflationary pressures Iran is experiencing, exacerbated by geopolitical tensions. As citizens rush to secure cash, it raises questions about the stability of the national currency and the government's ability to manage economic crises. This situation may further strain the Iranian economy, as reliance on physical currency increases amidst a backdrop of conflict.