1 Rial - Fat'h Ali Qajar Khoy mint

Fat'h Ali Shah's rial coinage was struck at multiple provincial mints simultaneously, each adding its own mint name to the reverse — a decentralized arrangement that reflected the Qajar court's reliance on regional governors to maintain local monetary supply. Khoy, a city in the northwestern Azerbaijan region near the Ottoman frontier, operated as a strategically significant mint precisely because of its proximity to trade routes and recurring border tensions with both the Ottomans and Russians. The First Russo-Persian War was already underway by this date, making the northwestern mints unusually active.