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100 Rials - Mohammad Rezā Pahlavī

Issuer Bank Melli Iran
Year 1951-1953
Type Standard circulation banknote
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Obverse description Intaglio portrait of Shah Mohammad Reza Pahlavi in civilian suit at right, set within a guilloche-bordered vignette; a multicolour mythical Achaemenid bird figure (Huma) occupies the centre against a light underprint. Two signatures appear below the central vignette, with the bank name in Persian script at upper centre and the denomination صد ریال in large calligraphic script.
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Protection description Portrait watermark of Mohammad Reza Shah (Type 4)
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Comments

Pick 57 sits in one of the more politically compressed windows in Iranian banking history. The series was issued across the period that saw Mossadegh's nationalization of the Anglo-Iranian Oil Company, the ensuing economic embargo, and ultimately the August 1953 coup that restored the Shah's full authority. Notes printed during this stretch circulated through an economy under significant external pressure, with foreign exchange reserves depleted and British-led sanctions cutting off oil revenues almost entirely.

The dual-printer credit — De La Rue and Harrison & Sons — reflects a division of labor common to high-security note production of the period, with one firm typically handling the intaglio work and the other the letterpress or finishing runs.

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