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1.000.000 Rials

Issuer Bank Melli Iran
Year 2000
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Composition Cotton paper
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Reverse description The reverse carries handwritten personal identification particulars in Persian script, including the bearer's name, identification number, driving licence number, date and place of birth, and serial reference numbers. Two ink signatures and a red official stamp are applied across the centre and lower left.
Reverse lettering نام و نام خانوادگی
شماره شناسنامه
شماره گواهینامه رانندگی
متولد
صادره از
شماره مسلسل شناسنامه یا گواهینامه
امضاء
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Comments

Bank Melli Iran's one million rial note arrived at a point when that denomination, once unthinkable in Iranian retail banking, had been rendered almost mundane by decades of post-revolutionary inflation. The rial had lost roughly 99% of its value against the dollar between 1979 and 2000, driven by the combined pressures of the Iran-Iraq War, international sanctions, and chronic oil-revenue dependency.

The Pick catalog had not assigned this note a number at the time of cataloging — the P#0 placeholder reflects an unlisted or recently issued piece not yet formally classified, which occasionally creates attribution problems at auction.

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