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5.000.000 Rials

Issuer Central Bank of the Islamic Republic of Iran
Year 2025
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Reference(s) P#168
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Reverse description The reverse carries a finely engraved intaglio vignette of the Tomb of Ferdowsi in Tus, the celebrated mausoleum of the Persian epic poet, set against a multicolour guilloche underprint in ochre and light blue tones. Calligraphic inscriptions in Nastaliq script appear to the left of the central vignette, accompanied by a stylised signature panel. The denomination numeral '500' is printed in large bold type at lower right, while '5000000' and the legend 'FIVE MILLION RIALS' appear in the upper right corner.
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Protection type Security thread, Watermark
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Comments

Iran's highest-denomination banknote when introduced, the five-million rial note reflects the cumulative effect of decades of inflation that has steadily eroded the currency's purchasing power since the 1979 revolution. By the time this note entered circulation, the rial had lost so much ground that even street-market transactions routinely required denominations that would have been unthinkable a generation earlier.

Iran has operated a parallel unofficial currency unit — the toman, equal to ten rials — for everyday pricing, meaning this note circulates mentally as 500,000 tomans, not five million of anything most Iranians think in.

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