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50 Rials

Issuer Bank Markazi Iran
Year 1980-1981
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Shape Rectangular
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Obverse description A Pahlavi-era note overstamped for Islamic Republic use: the portrait of Shah Mohammad Reza Pahlavi at right is obscured by a large black arabesque cartouche overprint, while a bold diagonal calligraphic Persian inscription reading Jumhuri-ye Islami-ye Iran dominates the left field. The bank title in Persian appears in the upper border within a guilloche band, the denomination پنجاه ریال is printed in the centre, two facsimile signatures appear below, and the Islamic Republic emblem in gold is positioned at lower centre, with floral vignettes at lower left.
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Reverse lettering BANK MARKAZI IRAN
50 RIALS
پاسارگاد
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Comments

This note falls within the first printing cycle after the 1979 revolution, when the new Islamic Republic found itself in the awkward position of continuing to issue currency produced by a British firm under contract to the deposed Shah's central bank. Thomas De La Rue had supplied Iranian banknotes for years prior to the revolution, and the relationship persisted into the early 1980s out of practical necessity rather than political preference.

Iran's domestic printing capacity at the time could not absorb full production demands, so De La Rue continued fulfilling orders even as bilateral relations between Tehran and London deteriorated sharply following the hostage crisis.

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