Central Banking

Iran plans banknote with atomic symbol - reports

Iran, which is currently embroiled in a row with the West over its nuclear ambitions, will issue a new banknote this month carrying an atomic symbol, newspapers reported on Sunday 4 March.

The new note for 50,000 rials, worth the equivalent of about $5.40, will be the largest in circulation when it becomes available on March 12.

Images of the banknote published in newspapers showed one side with an atomic symbol of electrons in orbit. The other side carried a picture of the late founder of the

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FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

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