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1.000.000 Rials
| Issuer | Central Bank of the Islamic Republic of Iran |
|---|---|
| Year | 2020 |
| Type | Log in to see details |
| Value | 1.000.000 Rials |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | The obverse is printed in shades of blue and green, with a central vignette of the Apadana Palace at Persepolis, with its columned portico and relief-carved frieze of guardsmen rendered in fine detail. The denomination '۱۰۰۰۰۰۰' (one million rials) appears in Persian script at upper left alongside the legend 'یک میلیون ریال', with the issuer's name 'بانک مرکزی جمهوری اسلامی ایران' across the top. The text 'ایران چک' in red appears centrally, with a serial number in blue at lower left and an additional serial number in red at upper right. |
|---|---|
| Obverse lettering | Log in to see details |
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| Protection description | Color-shifting numeral '100' at lower right on reverse changes color when viewed at different angles; dual serial numbers printed in contrasting colors on the obverse |
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| Comments |
Iran's million-rial note arrived at a moment when the denomination said everything about the state of the currency. Decades of sanctions-driven inflation had so eroded purchasing power that by 2020 a million rials was worth roughly twenty-five US dollars — a mundane sum requiring the highest-denomination note in the country's history. The government had already legislated a redenomination, renaming the unit the "toman" at a ratio of 10,000 rials to one, but implementation lagged well behind the physical currency being printed.
The relatively sparse security suite — color-shifting ink and a serial number — reflects the practical ceiling on what Iranian printers could source under import restrictions.