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| Issuer | Central Bank of the Islamic Republic of Iran |
|---|---|
| Year | 2017-2020 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | 140 × 70 mm |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | Log in to see details |
| Signature(s) | Log in to see details |
| Protection type | Watermark, Optically variable ink, Security thread |
| Protection description | Ayatollah Ruhollah Khomeini (without glasses) with electrotype numeral '1'; optically variable ink disc at lower left of obverse; embedded security thread |
| Variants | Log in to see details |
| Comments |
Iran's high-denomination notes from this period reflect a currency under sustained pressure — by the time this note entered circulation, chronic inflation had so eroded purchasing power that 10,000 rials amounted to a trivial transaction value, roughly equivalent to a fraction of a US cent at the parallel market rate. The Islamic Republic had been printing progressively larger denominations for decades without redenominating, a policy choice that kept accumulating political awkwardness.
The "second issue" designation within the P#159 series typically indicates revised security specifications or a changed signature pair reflecting a change in Central Bank governorship — Iran rotated through several governors during 2017–2020 under intensifying US sanctions.