20 Rials Type 1 Overprint

Pick 110 is a transitional note — a De La Rue-printed Shah-era 20 Rial bearing a revolutionary overprint applied after the Islamic Republic took power in February 1979. The overprint was the new government's expedient solution to a practical problem: existing stocks of printed but unissued notes were already in the pipeline, and reprinting the entire series was neither fast nor cheap. Obliterating the imperial iconography with a stamp was quicker.

The signature combinations are unusually numerous for a single Pick number. Five distinct pairings are recorded, reflecting the rapid ministerial turnover of the early revolutionary period — Ansari, Yeganeh, and Khoshkish cycling through in quick succession as the new administration consolidated control of the central bank.