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10.000.000 Rials
| Issuer | Central Bank of the Islamic Republic of Iran |
|---|---|
| Year | 2025 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#169 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | بانک مرکزی جمهوری اسلامی ایران |
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| Protection type | Security thread, Watermark, Optically variable ink |
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| Comments |
Iran's central bank has periodically redenominated its note series in response to chronic inflation, but this 10,000,000-rial note takes a different approach — it is effectively a bridge instrument. The Iranian parliament passed legislation in 2020 to replace the rial with the "toman" at a rate of 10,000 rials to 1 toman, a redenomination long-discussed but repeatedly delayed. High-denomination rial notes like this one continue to be issued in the interim, filling the gap while the toman transition stalls in implementation.
P#169 is among the highest face-value notes in the rial series to date, a direct consequence of inflation that has eroded purchasing power to the point where even this note covers only modest transactions.