2.000.000 Rials

Bank Refah Iran is not a central bank — it is a commercial welfare bank, established to serve workers and pensioners affiliated with the Social Security Organization. That it issued what appears to be a negotiable instrument denominated at two million rials is unusual enough to warrant caution: notes of this type from Iranian commercial banks are typically prize cheques, gift certificates, or internal transfer documents rather than circulating currency, and they do not appear in the standard Pick catalogue, hence P#0.

Without a verified specimen or auction record, the precise status of this item — commemorative, prize bond, or scrip — remains open.