1.000.000 Rials

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.