10 Rials - Mohammad Rezā Pahlavī

This series spans the years when Mohammad Reza Shah was consolidating power following the CIA- and MI6-backed coup of 1953 that ousted Prime Minister Mosaddegh. The establishment of Bank Markazi Iran as the sole issuing authority — replacing the British-controlled Imperial Bank of Persia — was itself a direct assertion of monetary independence achieved only after decades of foreign concession pressure. The dual KM references reflect a mid-series composition adjustment that collectors frequently overlook when assembling date runs.