2 Tomans / 20 000 Rials

In 2022, Iran officially redenominated its currency, replacing the rial with the toman at a rate of 10,000 rials to 1 toman — a move decades in the making, driven by accumulated hyperinflationary pressure that had rendered low-denomination rials essentially worthless in daily transactions. Iranians had colloquially used the toman in speech for generations; the formal redenomination was simply the state catching up to street reality.

The 2 Toman note is among the first physical embodiments of that legislative shift, authorized under a 2020 parliamentary decision. The dual denomination printed on the note — 2 Tomans and its rial equivalent — reflects a transition-period convention, required to prevent confusion during the multi-year phase-in.