500 Tomans / 5 000 000 Rials

Iran's internal redenomination has been years in the making — the toman was officially restored as the base unit by parliamentary vote in 2020, replacing the rial at a ratio of 10,000:1, though implementation has been glacially slow and dual-labeling (both units printed on the same note) became the transitional norm. This note, issued in 2025, sits at the high end of current circulation values and reflects the redenomination still in progress rather than completed.

TAKAB in Āmol has supplied domestically produced security paper since the early 2000s, part of a deliberate effort to reduce reliance on foreign print suppliers following sanctions pressure. Colour-shifting ink on Iranian notes of this period is sourced and applied domestically — a significant technical achievement given the restrictions on obtaining such materials through normal international trade channels.