Iran new signature 1,000-rial note confirmed

Iran_CBI_1000_rials_1992.10.24_B4g_P143_13-12_979012_sig
1,000 rials, no date. Like P143, but new signatures (Tahmasb Mazaheri and Shamseddin Hosseini).

Courtesy of Bill Stubkjaer.

Iran new signature 50,000-rial note confirmed

Iran_CBI_50000_rials_2013.00.00_B12e_P149_sig
50,000 rials, no date. Like P149, but new signatures.

Courtesy of Kazem Aghapour A.

Iran new 5,000-rial note confirmed

Iran_CBI_5000_rials_2013.00.00_PNL_ffIran_CBI_5000_rials_2013.00.00_PNL_rr
According to a Trend article dated 9 June 2013, the Central Bank of the Islamic Republic of Iran will issue larger denomination banknotes "in the near future" (the end of the current Iranian calendar year = 21 March 2014) as soon as it receives permission from the Ministry of Economic Affairs and Finance.

There have been many previous reports of larger denominations coming from Iran that have not come to pass, but according to this Persian-only posting, the CBI issued a newly designed 5,000-rial note shown above in early July 2013.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below.

Courtesy of Hamaseh Golestaneh and Christian Funke, and Hamid Kazemi.

Iran to issue 200,000- and 500,000-rial banknotes

According to an article in TehranTimes and an article in Bloomberg, both dated 3 March 2013, the Central Bank of the Islamic Republic of Iran plans to issue 200,000-rial and 500,000-rial banknotes. The bank will begin printing 200,000-rial ($16) banknotes as soon as it receives permission from the Economy Ministry and will release the new notes into circulation in the Iranian new year starting 21 March, said Majid Saniei, head of Iran’s security and minting organization. The bank is also seeking approval for 500,000-rial notes and plans to introduce these within two years.

Currently the largest denomination is the 100,000-rial note (Pick 151), issued in 2010, though from 2008 to 2010 the bank has issued cheques as large as 1,000,000 rials.

Courtesy of Jay Mollindo.

Iran refused new banknote printing equipment as result of sanctions

According to an article in MarketWatch dated 17 October 2012, Germany's Koenig & Bauer Aktiengesellschaft (KBA) has agreed to stop supplying SPMO [Iran's Security Printing and Minting Organization] and the Central Bank of Iran with the equipment needed to produce rial banknotes, as part of international efforts to force Iran to halt its nuclear ambitions.

Iran asking citizens to vote on new name for its currency

According to an article in the Washington Post dated 16 July 2011, the Central Bank of Iran is taking a poll to gauge the public's preferences for new names for the country’s currency, including the current rial, as well as historic names such as toman, parsi, and derik. The bank is also asking how many zeros should be removed from the currency if and when the government approves redenomination, a proposal that has been bandied about for years.

Iran considering revaluing its currency, yet again

According to an article in Tehran Times dated 7 April 2011, Mahmoud Bahmani, the governor of the Central Bank of the Islamic Republic of Iran, said the bank has begun studying plans to remove four zeros from the rial, and will seek approval from the Monetary and Credit Council within six months. Meanwhile, the Finance and Economy Minister, Shamseddin Hosseini, recently said the bank is planning to remove three zeros from the currency within the current calendar year which started on March 21. Currently Iran’s largest banknote is the 100,000-rial note (US$9.60), although it has also issued note-like cheques in denominations ten times that amount.

Iran has been discussing revaluing the rial for years, so it’s anyone’s guess as to whether anything will come of this latest announcement.

Iran new 500-rial note confirmed



500 rials (US$0.05), no date. Introduced 1999. Like P137A, but signature 28 (Moshen Nourbakhsh and Hossein Namazi), and text on back reads “CENTRAL BANK OF THE ISLAMIC REPUBLIC OF IRAN” instead of “ISLAMIC REPUBLIC OF IRAN BANK MARKAZI IRAN.”

Courtesy of Bill Stubkjaer.

The Challenge: Iranian/Persian symbolism help sought


I’m working on the Iranian chapter of The Banknote Book and have come across this interesting engraving on the front of Pick 30, the 1,000-rial note of 1934. The image—described in SCWPM as “warrior killing fabulous creature”—also appears on the date stamps of subsequent issues. I suspect it depicts some Persian legend or myth. If anyone can direct me towards a full explanation, hopefully identifying the warrior and/or creature by name, I would appreciate it. Thanks in advance!

IDENTIFIED: Darius the Great stabbing Ahriman monster from stone relief at Persepolis.

Courtesy of Raphael.

Iran new 100,000-rial note confirmed


According to a Bloomberg BusinessWeek article dated 16 June 2010, the Central Bank of the Islamic Republic of Iran issued a new 100,000-rial (US$10) note on 22 June. Governor Mahmoud Bahmani said the bank will print at least 150 million of the new notes, though he promised it won’t increase the inflation rate (currently around 10 percent). The new banknotes will reduce the need for cheques (banknote-like documents available in denominations of half- and one-million rials) that Iranians buy from banks to use in large transactions. Cheques are transferred between individuals in the same way as cash, but are canceled when presented at banks for deposit.

Green. Front: Ayatollah Ruhollah Khomeini. Back: Lines from Gulistan (The Rose Garden), a poem by Saadi; trees and Saadi’s tomb in Shiraz. Solid security thread with printed Arabic text and windowed security thread with demetalized 100000. Watermark: Ruhollah Khomeini and electrotype 100000. Printer: Unknown. 166 x 79 mm. No date. Signature unknown. Intro: 22.06.2010.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below. Be sure to say you saw it mentioned here on Banknotenews.com.

Courtesy of Saeed Abdullah, Abdullah Beydoun, and Armen Hovsepian.

Iran new signature 5,000-rial note confirmed



5,000 rials (US$0.50), no date. Like Pick 145, but new signature (Ebrahim Sheibani and Danesh Jafari). Intro: March 2010.

Courtesy of Ali Nasseri.

Iran new signature 50,000-rial note confirmed


50,000 rials (US$5.05), no date. Like Pick 149, but new signature (Mazaheri and Hosseini). Intro: March 2010.

Courtesy of Ali Nasseri and Aminoroaaya.

Iran new signature 1,000-rial note confirmed


1,000 rials (US$0.10), no date. Like Pick 143, but new signature (Mazaheri and Danesh Jafari). Intro: March 2010.

Courtesy of Ali Nasseri and Aminoroaaya.

Iran new 1,000,000-rial cheque confirmed


1,000,000 rials (US$101.15), no date. Introduced 2010. Like million-rial cheque issued by the Central Bank of Iran in 2008, but new color scheme and signatures.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below. Be sure to say you saw it mentioned here on Banknotenews.com.

Courtesy of Ricardo Castedo.

Iran to issue 100,000-rial notes by August 2010

According to a PressTV article dated 23 March 2010, “The Central Bank of Iran (CBI) will issue new 100,000-rial [US$10.11] banknotes within four months, says CBI Head Mahmoud Bahmani. ‘We have ordered 100,000-rial banknotes to be printed and people will get these notes within four months,’ said Bahmani on Monday, IRNA reported. Last week, the CBI announced that the bank plans to print 100,000-rial banknotes in the current Iranian year, which started on March 21. CBI Deputy Head Hamid Pourmohammadi says the decision was part of the bank's plan to slash three zeros off Iran's national currency. The head of Iran's Bank Tejarat, Majid-Reza Davari, said the decision was part of CBI's “monetary reform plan,” but analysts say rising inflation has led the government to issue high value banknotes, Fars News Agency reported.”

Iran new signature 2,000-rial note confirmed


2000 rials (US$0.20), no date. Like Pick 144, but new signature.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below. Be sure to say you saw it mentioned here on Banknotenews.com.

Courtesy of banknoteshop@gmx.net.

Iran new 20,000-rial note confirmed


20,000 rials (US$2).
Front like Pick 148, but with new signature combination of Bahmani and Hosseini. Back now depicts Masjid-ul Aqsa (Al-Masjid Al-Aqsa) in Jerusalem.

Courtesy of Rui Manuel Palhares, Abdullah Beydoun, and Omer Yalcinkaya.

Iran new signature 2,000-rial note confirmed


2,000 rials (US$0.20). Like Pick 144, but new signatures.

I originally reported the signature combo as Mazaheri - Bahmani, basing my info on the signature table at Peter Symes’ excellent site, Islamicbanknotes.com. However, I have recently been contacted by Ali Nasseri who says:

The Islamicbanknotes.com has the signature of Hosseini - Bahmani that is correct, but has a mistake too!

Hosseini - Bahmani notes (2000, 5000, 20000 and 50000 Rials) put into circulation after "Danseh Jafari - Mazaheri - Sign 34" notes (2000, 20000 and 50000) and everybody has thought that they are sign 35, even me.

But, because Mr. Mazaheri was the preident of CBI, few month after Mr. Hosseini and before Mr. Bahmani, so the new 2000 Rls is printed before of all "Hosseini - Bahmani" notes (2000, 5000, 20000 and 50000 Rials), so, the new signature "Hosseini - Mazaheri" is printed former than "Hosseini - Bahmani".

I should tell frankly that the previous numeration is mistake and most rewrite according below:
Signature 34: "Danseh Jafari - Mazaheri" (As previous)
Signature 35: "Hosseini - Mazaheri" (new claim)
Signature 36: "Hosseini - Bahmani" (incorrect sign. 35)

Plus, you mentioned "Mazaheri - Bahmani" in your website. Those are both CBI's presidents. Where is the minister of finance's signature??? It is imposible that both of signatures belong to Central Bank presidents.

I corrected the signatures list and you can see them here.

Courtesy of Rui Manuel Palhares and Ali Nasseri.

Iran issues new 5,000-rial note featuring Omid satellite


On 19 July 2009, the Central Bank of the Islamic Republic of Iran introduced a new 5,000-rial (US$0.50) banknote with images of Omid, Iran’s first domestically-produced research and telecommunications satellite, which was launched into space on February 3. "In order to commemorate its achievements in space sciences the government has given permission to the central bank to use pictures of the Omid satellite and its rocket launcher on both banknotes and coins," the Abrar newspaper said.

The new undated note measures 154 x 75 mm and features a portrait of Imam Khomeini on front and the Omid satellite and earth on back. The watermark is of Khomeini, with a 0.5-mm wide windowed security thread with demetalized denomination in Persian and Latin.

Anyone interested in buying this note can contact the contributor by clicking the link below. Be sure to say you saw it mentioned here on Banknotenews.com.

Courtesy of Ali Nasseri.

Iran revised 2,000-rial note confirmed



Like P144, but new signature.

2,000 rials (US$0.20)
Pink and dark yellow. Front: Ayatollah Ruhollah Khomeini. Back: Ka’aba at the Holy Mosque in Mecca. Microprinted solid security thread. Watermark: Khomeini. 150 x 72 mm. No date. Signature: Davood Danesh Djafari and Tahmasb Mazaheri. Introduced 25.09.2008.

Courtesy of Ali Nasseri.

Iran issues 500,000- and 1-million rial cheques

In August 2008, the central bank issued new cheques, which it claims are not banknotes although they are legal tender just as if they were. They were introduced to replace the array of high-denomination promissory notes which private banks had been issuing to enable their customers to carry out large transactions and which are now banned as the central bank has moved to reassert control over the money supply.


500,000 rials (US$51.90)
Dark pink and brown. Front: Main gate of Imam Reza Holy Shrine in Mashhad. Back: Calligraphic text; Islamic design of flower. 2.5-mm microprinted windowed security thread. Watermark: Hakim Aboul-ghasem Ferdowsi. 160 x 75 mm. No date (2008). Signature: CBI president, Mr. Tahmasb Mazaheri. Introduced 16.08.2008.


1,000,000 rials (US$104)
Light blue and light brown. Front: Tachar Palace-Perspolis ruins in Shiraz. Back: Calligraphic text; Islamic design of flower. 2.5-mm microprinted windowed security thread. Watermark: Hakim Aboul-ghasem Ferdowsi with electrotype denomination. 160 x 75 mm. No date (2008). Signature: CBI president, Mr. Tahmasb Mazaheri. Introduced 23.08.2008.

Courtesy of Ali Nasseri.

Iran new signature 50,000-rials note confirmed


50,000 rials (US$5.40), ND (2007). Like the IRR50,000 reported in IBNS Journal 46.1p21, but new signatures (Mazaheri and Danesh Jafari).

Courtesy of Armen Hovsepian (www.armenstamp.com).

Iran issues new 50,000-rial note featuring nuclear insignia


50,000 rials (US$5.40), ND (2007). Issued March 12, 2007. Orange and lemon. Ayatollah Ruhollah Khomeini as portrait and watermark along with electrotype denomination, 2.5 mm windowed security thread, and registration device. Map of Persian Gulf with electrons orbiting an atom, and a legend from Prophet Mohammed: “If the science exists in this constellation, men from Persia will reach it,” on back. 166 x 79 mm.

Courtesy of Central Bank of the Islamic Republic of Iran and Hamid Reza Ebrahimi.

Iran considering knocking three zeros off the rial

On September 11, 2007, Iran’s central bank governor, Tahmasb Mazaheri, admitted that the bank is examining a proposal to knock three zeros off the rial to increase economic confidence and reduce the number of banknotes necessary to conduct cash transactions. Since the Islamic revolution of 1979, the exchange rate of the rial has gone from 70 rials to the dollar to 9,300 rials today. Iran’s largest denomination, the 50,000-rial note, was issued on March 12, 2007, and is worth approximately US$5.40.