2.000.000 Rials

Bank Maskan is Iran's state-owned specialized housing bank, not a central bank, and its issuance of bearer instruments in rial denominations sits in an unusual regulatory space. This piece — denominated at two million rials — reflects the severe inflation that had eroded the rial through the 1990s, pushing even routine transactional values into seven-figure territory.

The MICR strip suggests a cheque or draft instrument designed for machine-readable clearing rather than hand-to-hand circulation. That distinction matters for classification: this may function more as a bank draft than a banknote in the conventional sense, which would explain the absence of a Pick number in the standard catalog.