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1.000.000 Rials
| Issuer | Bank Keshavarzi (Agricultural Bank of Iran) |
|---|---|
| Year | 2000 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | The reverse is printed in green with a large numeral '1000000' at left within a guilloche panel, set against a fine latticework underprint. The header reads IRAN CHEQUE in bold Latin letters, and ONE MILLION RIALS appears along the lower margin. Fields for beneficiary identification — including name, family name, father's name, date and place of birth, national identity number, and telephone — are laid out in Persian script in a structured form format, with a small dove motif at centre and a signature line at bottom. |
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| Protection description | Embedded security thread visible in the paper stock; MICR-encoded serial number strip along the lower margin of the obverse; alphanumeric serial number in Persian-Arabic numerals printed in the upper portion of the obverse. |
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| Comments |
Bank Keshavarzi is a state-owned specialized bank focused on agricultural lending, not a central bank — making this a rarity in banknote collecting: a seven-figure denomination issued by a sector-specific institution rather than Bank Markazi. By 2000, Iranian inflation had been grinding through the rial's purchasing power for two decades, a direct consequence of the post-revolutionary economic isolation and the 1980–88 war with Iraq, and denominations that would have been unthinkable in 1979 had become routine instruments of everyday finance.
The Pick reference is unassigned, which typically signals that this note hasn't been formally catalogued in the Standard Catalog — either because documentation was incomplete at the time of compilation or because these were internal instruments rather than general circulation notes. The MICR line supports the latter interpretation: agricultural credit certificates of this type were frequently used for inter-branch clearing rather than retail payment.