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50 Rials - Mohammad Rezā Pahlavī

Issuer Bank Melli Iran
Year 1954
Type Standard circulation banknote
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Obverse description Green intaglio note with an oval portrait vignette of Shah Mohammad Reza Pahlavi in military uniform at right, facing left. The centre carries the Persian denomination inscription within an ornate arabesque underprint, flanked by a large blank oval at left reserved for an additional vignette or security element. The note is framed by a guilloche border with the numeral 50 repeated in each corner.
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Reverse description Green intaglio vignette of the Koohrang Dam set amid a mountainous landscape, with the dam wall, spillway, and bridge rendered in fine detail across the full width of the note. The English legend 'BANK MELLI IRAN' appears across the top, with 'RIALS 50' at the bottom centre, and the denomination '50' in numerals at upper left and upper right corners within a decorative guilloche border.
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Comments

Harrison & Sons secured a long-running contract with Bank Melli Iran that stretched across multiple reigns and currency reforms, producing notes through some of the most turbulent decades in modern Iranian political history. This series was issued in the immediate aftermath of the 1953 coup that restored Mohammad Reza Shah to power following Mossadegh's nationalization government — the timing matters, since the reinstated monarchy needed functioning currency infrastructure quickly, and the existing Harrison relationship provided exactly that continuity.

Pick 66 is known to exist with minor plate varieties in the serial number prefix blocks, though none rise to the level of catalogue-listed errors.

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