Baku, Azerbaijan, Nov. 1
By Umid Niayesh - Trend:
Head of the Iran's Central Bank Security Paper Manufacturing Complex, Ali Karamati has announced that the Islamic Republic is now self-sufficient in producing security papers.
Security paper is a paper that incorporates features that can act to identify or authenticate a document as original, for instance watermarks or invisible fibers in paper, or features that demonstrate tamper evidence when fraud is attempted.
Karamati said that the main raw materials used for monetary and banking purposes are produced inside the country, the official IRNA news agency reported Nov. 1.
The Islamic Republic benefits most advanced technology in the manufacturing of security papers, he added.
Karamati said that the Security Paper Manufacturing Complex is also in charge of issuing other documents with security features such as passports, birth certificates and National ID Cards.
The international sanctions have not affected the complex activity, he said.
Earlier, the secretary general of Central Bank of Iran, Mahmoud Ahmadi said that as a result of Iranian experts' quality work, "counterfeiting has not been an issue."
The process of printing banknotes started in 1984 with the 200-Rial banknote, and now by using advanced technologies, Iran has attained self-sufficiency in issuing all bank notes and security papers. Before that the Islamic Republic's banknote demand was entirely supplied from the Europe.