Iran to feature new satellite on currency

February 22, 2009 15:28

The Iranian cabinet has approved a Central Bank proposal to feature the logo of the country's first domestically built satellite on new coins and bank notes, the country's state-run English language network said Sunday. The launch of the Omid telecommunications satellite earlier this month deepened Western concerns about Iran's nuclear program because the same technology used to propel it into orbit can be used to deliver warheads. Iran says that its nuclear program is for peaceful purposes and that the satellite launch was also part of a peaceful drive for self-sufficiency and the development of a domestic aerospace industry. Press TV's report, posted on its Web site on Sunday, did not say when the first new coins and bills would go into circulation.

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