Single Note Of Rupees ₹1 CRORE Launched! #shorts

Episode Title: Single Note Of Rupees ₹1 CRORE Launched! #shorts
Produced by: FactTechz
Description: Iran has recently introduced a new “1 crore note” (10 million rial banknote), which is the highest denomination ever printed in the country. This sounds like a huge amount, but in reality, it is not valuable at all. The shocking part is its actual worth. This 1 crore rial note is worth only about $7 (around ₹650–₹700 in Indian currency). So even though the number looks big, the purchasing power is very low. The main reason Iran issued such a large note is extreme inflation and currency collapse. Due to years of sanctions, economic problems, and now the ongoing conflict, the Iranian currency (rial) has lost a lot of value. Prices of everyday items like food, milk, and bread have risen sharply, so people need huge amounts of cash just for basic shopping. Another reason is cash shortage and banking issues during the conflict. With instability and pressure on the financial system, people are relying more on physical cash. Printing higher-value notes makes transactions easier because otherwise people would have to carry bundles of smaller notes. Subscribe for more educational content and unlock knowledge every day with FactTechz!


Click here to view video on YouTube.