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20 Rials Mohammad Rezā Pahlavī

Issuer Bank Markazi Iran
Year 1958-1961
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Printer Harrison & Sons Limited, High Wycombe, United Kingdom (1839-1997)
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Obverse description Brown and multicolour note with a portrait vignette of Mohammad Reza Shah Pahlavi in military uniform at right, set within an ornate guilloche frame. The central field carries the denomination in Persian script flanked by floral underprint patterns, with the bank title in Persian along the top border; a blank oval reserve for the watermark appears at left. Serial numbers are printed in red at top and bottom.
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Protection description Portrait watermark of Mohammad Reza Shah Pahlavi
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Comments

Harrison & Sons held the Bank Markazi Iran contract through much of the late 1950s and into the 1960s, producing a series that bridged the post-Mossadegh political consolidation and the Shah's accelerating modernization push. The 1958 start date places this issue just a few years after the 1953 coup that restored Mohammad Reza to effective power, a moment that had briefly interrupted Iranian central banking operations entirely.

P#72 is among the more routinely encountered notes from this Harrison-printed run, having circulated heavily in a cash-dominant economy. Worn examples vastly outnumber anything approaching uncirculated.

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