Catalog
1.000.000 Rials
| Issuer | Bank Maskan |
|---|---|
| Year | 2000 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ریال چک بانک مسکن یک میلیون ریال ۱۴۲۰۵۰/۱۴۶۶۴۱/۱۱ |
| Reverse description | Green-tinted reverse with the numeral '1000000' printed vertically along the left margin within a guilloche-style panel. The central field carries printed form lines for payee details, national identity number, address, and signature, consistent with a bearer cheque format, and the lower margin carries the English legend ONE MILLION RIALS. A red oval cancellation stamp appears in the left-centre area. |
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| Comments |
Bank Maskan — the state-owned housing and development bank — issued these million-rial notes as internal financial instruments rather than general-circulation currency. They functioned closer to certified cheques or drafts within the bank's own lending and mortgage operations, which is why the security suite is so minimal for a note of this denomination: serial number and official stamp were sufficient for the institutional context in which they moved.
By 2000, a million rials was a routine transaction figure in Iran's heavily inflated economy, worth roughly $130 USD at official rates. The note's existence reflects the broader collapse of the rial's purchasing power across the 1990s.