1.000.000 Rials

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.