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100 Rials = 1 Pahlavi

Issuer Bank Melli Iran / Banque Mellié Iran
Year 1937
Type Pattern or trial banknote
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Obverse description Green and multicolour note with a portrait of Reza Shah Pahlavi in military uniform at right, set against an elaborate guilloche underprint in pink and green. A central vignette within an arched frame presents a landscape with Mount Damavand. The upper field carries the bank name in Persian script and the denomination in large Arabic numerals, with zero-zero serial numbers and the overprint SPECIMEN at left.
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Protection type Watermark
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Comments

The dual denomination — 100 Rials expressed simultaneously as 1 Pahlavi — reflects Reza Shah's currency reform of 1932, which introduced the Pahlavi as a gold-linked unit of account without fully displacing the Rial in everyday use. The Pahlavi denomination never achieved popular traction and was quietly dropped from subsequent series.

Thomas De La Rue printed this series as Bank Melli was still consolidating its role as Iran's sole note-issuing authority, a status formalized only in 1931 when it displaced the British-controlled Imperial Bank of Persia. The P#35B designation distinguishes a signature variant within the series.

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