100 Rials Mohammad Rezā Pahlavī

By 1975, Thomas De La Rue had been printing Iranian currency for decades, and the P#102 series reflects that long institutional relationship — the engraving quality is notably high even by De La Rue's own standards of the period. Bank Markazi Iran was itself a relatively young institution, having replaced Bank Melli's central banking functions only in 1960, and the 1970s issues represent the apex of the Pahlavi-era monetary program before the revolutionary disruptions of 1978–79 forced a complete rethinking of Iranian note design and issuance.

Post-revolution, many of these notes were overprinted to obscure the Shah's image — surviving unaltered examples predate that intervention.