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1.000.000 Rials
| Issuer | Bank Maskan |
|---|---|
| Year | 2000 |
| Type | Log in to see details |
| Value | 1.000.000 Rials |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | IRAN CHEQUE ONE MILLION RIALS امضاء گیرنده وجه |
| Signature(s) | Log in to see details |
| Protection type | Log in to see details |
| Protection description | Red printed serial number at upper right of obverse; blue circular official Bank Maskan stamp applied to obverse as authentication control. |
| Variants | Log in to see details |
| Comments |
Bank Maskan — the state-owned housing and development bank — issued these million-rial notes as internal financial instruments rather than general-circulation currency. They functioned closer to certified cheques or drafts within the bank's own lending and mortgage operations, which is why the security suite is so minimal for a note of this denomination: serial number and official stamp were sufficient for the institutional context in which they moved.
By 2000, a million rials was a routine transaction figure in Iran's heavily inflated economy, worth roughly $130 USD at official rates. The note's existence reflects the broader collapse of the rial's purchasing power across the 1990s.