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1.000.000 Rials
| Issuer | Central Bank of the Islamic Republic of Iran |
|---|---|
| Year | 2022 |
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| Size | 150 x 70 mm |
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| Obverse description | The obverse is printed in shades of blue and light green, with a central vignette of the Jamkaran Mosque in Qom, rendered in fine intaglio line work with its distinctive dome and twin minarets. To the left, the denomination '100' appears in large numerals in a contrasting style alongside the Persian text 'یک میلیون ریال' (One Million Rials) and the bank title 'بانک مرکزی جمهوری اسلامی ایران'. A red overprint reading 'ایران چک' (Iran Cheque) is applied diagonally across the center, with serial numbers printed in both red (upper right) and black (lower left) on a fine guilloche underprint. |
|---|---|
| Obverse lettering | بانک مرکزی جمهوری اسلامی ایران یک میلیون ریال ایران چک |
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| Comments |
Iran's million-rial note is a direct consequence of decades of inflation eroding the currency's purchasing power to the point where the denomination, unthinkable in earlier generations, became routine. By the time this note entered circulation, one US dollar bought roughly 40,000 rials on the open market — meaning this was effectively a mid-range banknote by real-world utility, not a high-value one.
Iran has run a parallel currency system since at least the 1980s, with the toman (equal to ten rials) functioning as the informal unit of everyday speech. This note's face value would be quoted colloquially as 100,000 tomans.