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1000 Rials - Mohammad Rezā Pahlavī 7th. portrait, 'Dark Panel'

Issuer Bank Markazi Iran
Year 1969
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Shape Rectangular
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Obverse lettering بانک مرکزی ایران هزار ریال
(Translation: Bank Markazi Iran One Thousand Rials)
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Reverse lettering BANK MARKAZI IRAN
RIALS 1000
هزار ریال
آرامگاه حافظ
(Translation: Bank Markazi Iran / 1000 Rials / One Thousand Rials / Tomb of Hafez)
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Comments

By the late 1960s, Bank Markazi Iran had consolidated around Harrison & Sons for much of its high-denomination printing work — the relationship produced several overlapping portrait series, which is precisely why collectors distinguish this issue as the "Dark Panel" type. The term refers to a deliberate design modification made mid-series to improve visual separation between the central vignette and surrounding fieldwork, a change Harrison implemented at the bank's request rather than as a routine reprint variation.

At the 1000 Rial level, these saw genuine heavy circulation — Iran's oil revenues were driving rapid economic expansion, and large-denomination notes moved through commercial channels constantly. Worn examples are the norm.

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