Tehran is introducing a new 10 million rial banknote, which is now the highest denomination ever issued in Iran, as authorities attempt to combat soaring inflation and meet the rising demand for cash during ongoing hostilities with the United States and Israel. The Financial Times reports that this week banks began distributing the new note, equal in value to about 7 dollars, triggering long lines at ATMs as Iranians rushed to withdraw cash due to concerns over potential failures of electronic payment systems. Many citizens quickly found themselves unable to access cash, highlighting the urgency and anxiety surrounding the current economic situation. The new banknote features a pink color with an image of the Jameh Mosque of Yazd, which dates back to the 9th century, on one side, and on the reverse, it depicts the ancient Bam Citadel, which is over 2,500 years old. This issuance surpasses a previous 5 million rial note that was introduced earlier this year, in February. The Central Bank of Iran has stated that this move reflects the current economic pressures and the need for more physical currency circulation as the nation grapples with economic challenges. This also underscores the broader implications for Iran's economy as it navigates its financial landscape amidst international tensions and strives to stabilize its currency in the face of rampant inflation and cash shortages.