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1000 Rials - Rezā Pahlavī 3rd. portrait, Persian text on reverse

Issuer Bank Melli Iran
Year 1938-1942
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Printer De La Rue (Thomas de la Rue; Thomas De La Rue & Co.; TDLR), London, United Kingdom (1821-date)
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Obverse description Green on multicolour underprint. Three-quarter-face portrait of Shah Reza Pahlavi without cap at right, rendered in intaglio against an elaborate guilloche underprint. The bank title and denomination appear in Persian script, with the Iranian Solar Hijri date 1317 inscribed below.
Obverse lettering بانک ملی ایران هزار ریال ۱۳۱۷
(Translation: Bank Melli Iran One Thousand Rials 1317)
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Comments

Bank Melli Iran's 1000 Rial note of this period was among the highest denominations in circulation during a reign defined by rapid, often coercive modernization — Reza Shah's industrialization program depended heavily on foreign credit, and large-denomination notes saw genuine commercial use in settling import transactions. De La Rue's London production meant the plates never left British hands, a detail that would become politically uncomfortable after the 1941 Anglo-Soviet invasion of Iran forced Reza Shah's abdication.

Pick 38A is scarce in any grade above Fine; wartime disruption to banking infrastructure and subsequent currency reforms account for most attrition.

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