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500.000 Rials
| Issuer | Central Bank of the Islamic Republic of Iran |
|---|---|
| Year | 2018 |
| Type | Log in to see details |
| Value | 500.000 Rials |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | بانک مرکزی جمهوری اسلامی ایران پانصد هزار ریال 500000 ایران چک |
| Reverse description | The reverse is dominated by a large landscape vignette of Mount Damavand, Iran's highest peak, rendered in purple and pink tones beneath a stylized golden sunrise, set against a pale multicolour guilloche background. The issuer's name in English — CENTRAL BANK OF THE ISLAMIC REPUBLIC OF IRAN — and the legend IRAN CHEQUE appear in red at upper left, with the denomination 500000 / FIVE HUNDRED THOUSAND RIALS in the upper right corner. A large numeral 50 in olive-green appears at lower right, and a line of Persian text in small print runs along the bottom margin. |
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| Comments |
The 500,000 rial note arrived as Iran's highest-denomination banknote at a time when hyperinflationary pressure had made lower denominations effectively worthless for any transaction above a cup of tea. By 2018, the official exchange rate had collapsed to around 42,000 rials to the US dollar, and the street rate was far worse — meaning this note, nominally worth roughly $12 at the official peg, was already losing ground before it left the press.
Iran's parliament voted in 2020 to redenominate the currency entirely, replacing 10,000 rials with one "toman" as legal tender — a reform long discussed but deferred for decades. Notes of this denomination were a direct symptom of that delay.