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100 Tomans / 1 000 000 Rials
| Issuer | Central Bank of the Islamic Republic of Iran |
|---|---|
| Year | 2020-2022 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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|---|---|
| Obverse lettering | بانک مرکزی جمهوری اسلامی ایران / میدان گازی پارس جنوبی |
| Reverse description | A full-width intaglio vignette of the South Pars gas field refinery complex occupies the centre, with towers, pipelines and processing units rendered in fine blue line engraving. The denomination "1000000" appears in large numerals at upper right alongside the legend "ONE MILLION RIALS", with an optically variable "100" in gold ink at lower right; the legends "CENTRAL BANK OF THE ISLAMIC REPUBLIC OF IRAN" and "IRAN CHEQUE" are printed at upper left. |
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| Comments |
Iran's chronic inflation made the rial increasingly impractical for everyday transactions long before this note appeared. By 2020, a single US dollar exchanged for well over 40,000 rials, and paying for groceries required fat stacks of smaller denominations. The 100 Toman / 1,000,000 Rial denomination — the highest face value ever circulated in Iran to that point — was a direct response, though it amounted to roughly two dollars at street rates when issued.
The dual naming reflects a law passed by the Iranian parliament in 2020 to officially redenominate the currency, replacing 10,000 rials with one "toman" on paper, though implementation lagged. This note effectively bridges the old and new systems mid-transition.