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1.000.000 Rials
| Issuer | Central Bank of the Islamic Republic of Iran |
|---|---|
| Year | 2009-2014 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#2014#1000000 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is printed predominantly in shades of blue with a cream underprint, dominated by an elaborate central snowflake-form guilloche rosette surrounded by intricate geometric and floral latticework. The left half carries a dense field of cursive Persian calligraphy rendered in pale blue against a darker blue ground. The issuer's bilingual title 'CENTRAL BANK OF THE ISLAMIC REPUBLIC OF IRAN / IRAN CHEQUE' is inscribed in bold Latin capitals at upper left, with the denomination '1000000' at upper right and 'ONE MILLION RIALS' in English at lower right; conditions of use are set in smaller Persian script above the rosette. |
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| Signature(s) | Log in to see details |
| Protection type | Security thread, Watermark, Serial number |
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| Comments |
Iran's million-rial note came into existence as a direct consequence of decades of post-revolutionary inflation eroding the currency's purchasing power to the point where lower denominations had become operationally useless. By the time this series entered circulation, a million rials was worth roughly US$30 — an unremarkable sum requiring the largest banknote the country had ever produced.
Printed domestically by the Central Bank's own facilities, the note carries only basic security features relative to its face value, a point critics noted at the time of issue. Iran had long maintained in-house printing capacity partly to avoid dependence on Western suppliers subject to sanctions.