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500 Rials Provisional Issue, Type 1
| Issuer | Bank Markazi Iran |
|---|---|
| Year | 1979 |
| Type | Standard circulation banknote |
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|---|---|
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| Reverse description | Dark-brown and green on orange and multicolour underprint. Central vignette of the Marlik goblet relief, rendered with winged bulls flanking a tree in an archaic decorative style. Denomination numerals and bank title inscriptions appear in Latin script at left and right margins. |
| Reverse lettering | 500 Bank Markazi Iran 500 500 Rials (Translation: Central Bank of Iran 500 Rials) |
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| Comments |
This note belongs to the first wave of post-revolutionary overprints, in which the provisional government of the Islamic Republic moved quickly to obscure the Shah's portrait on existing De La Rue-printed stock rather than wait for entirely new designs. The expedient worked politically but created an immediate collector distinction: Type 1 overprints vary noticeably in placement and ink density, a direct consequence of the rushed, decentralized application process in early 1979.
Bank Markazi had been using De La Rue as its primary printer through the imperial period, and the existing banknote inventory was simply too large to destroy outright.