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1 Toman Nasr-ed-Din Shah

Issuer Imperial Bank of Persia
Year 1924-1932
Type Standard circulation banknote
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Obverse description An oval vignette at left contains a portrait of Nasr-ed-Din Shah Qajar in military uniform with a plumed hat, printed in intaglio against an intricate guilloche underprint in pink and green. The central denomination panel bears the Persian inscription یک تومان, with numeral 1 at each corner within ornate scroll borders, and a city-specific payability legend runs along the top and bottom margins. A circular official seal of the Imperial Bank of Iran appears below centre, with the Waterlow & Sons, London imprint at lower centre.
Obverse lettering فقط در ( نام شهر) ادا خواهد شد تصویر ناصرالدین شاه قاجار یک تومان بانک شاهنشاهی ایران مهر مامور دولت علیه ایران
(Translation: PAYABLE ONLY AT (city name) Portrait of Nasr-ed-Din Shah Qajar. Imperial Bank of Iran ONE TOMAN. Seal of the Agent of the Imperial Government of Iran.)
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The Imperial Bank of Persia was a British concession bank — chartered in London in 1889 under Reuter's original Persian concession — which gave it the exclusive right to issue banknotes in Iran until the establishment of Bank Melli Iran in 1927. This note, though dated to a printing window beginning in 1924, bears the name of Nasr-ed-Din Shah, who had been assassinated in 1896. The anachronism was deliberate: the bank continued using established plate designs long after the reign in question had ended, partly as a cost measure, partly because portrait legitimacy carried weight with a public already skeptical of paper currency.

Waterlow & Sons produced the series in London to a consistent specification, with a watermark as the primary security feature — modest by the standards Waterlow applied to other sovereign clients of the period.

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