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1.000.000 Rials

Issuer Bank Melli Iran
Year 2000
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Value 1.000.000 Rials
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Obverse description Log in to see details
Obverse lettering ایران چک
بانک ملی ایران
مدیر عامل
یک میلیون ریال
1000000
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Protection description Embedded security thread visible when held to light; watermark incorporating repeated pattern in the paper substrate
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Comments

Bank Melli Iran introduced million-rial denominations as a direct consequence of chronic inflation that had steadily eroded purchasing power since the 1979 revolution — by 2000, a million rials was an unremarkable sum for everyday transactions. The note is unassigned in Pick's catalogue (P#0), which typically indicates either a very recent issue not yet catalogued at the time of the standard reference, or a note whose status as a regular emission versus a commemorative or specimen issue remained unresolved.

Cotton substrate with a security thread and watermark places it within Bank Melli's post-revolutionary printing program, though the specific printer for this denomination has not been consistently confirmed in the literature.