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| Issuer | Central Bank of the Islamic Republic of Iran |
|---|---|
| Year | 2022 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
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| Reference(s) | TBB#298a |
| Obverse description | Vignette of Ayatollah Ruhollah Khomeini, founder of the Islamic Republic of Iran, positioned at the left; the field is covered with grey guilloche underprint patterns and carries a windowed security thread. Signatures of Governor Abdolnaser Hemmati and Minister of Economic Affairs Farhad Dejpasand appear below the central design area. Bank name and denomination inscriptions are printed in Persian script. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse carries the full formal Persian-script inscription of the issuing authority and denomination value arranged in a central composition, set against a guilloche-patterned background in keeping with the overall design scheme of the note. |
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| Comments |
The denomination itself encodes a political argument. Iran's parliament approved the redenomination in 2020 after decades of inflation had rendered the rial essentially uncountable in daily transactions — prices in the millions had become routine. The new unit, the toman, was never formally abandoned by the public even when the rial remained official currency; Iranians had been mentally dividing by ten for generations. This note simply catches the printed currency up to how people had actually been reckoning money for forty years.
Hemmati served as Central Bank governor during a period of severe US sanctions pressure, and his signature here places this issue squarely in that turbulent period of currency management under external constraint.