500.000 Rials

Bank Melli Iran has issued high-denomination rials continuously as chronic inflation eroded purchasing power across the post-revolutionary decades. By 2000, 500,000 rials — while a striking number on paper — represented a relatively modest sum in real terms, roughly equivalent to a few days' average wages at the time.

The Pick catalog reference remains unassigned or unconfirmed for this specific note, which complicates attribution. Collectors should verify series letters and signature combinations carefully, as multiple varieties circulated within the same nominal year of issue.