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2 Tumân - Moẓaffar od-Dīn Qājār

Issuer Iran
Year 1904
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Value 2 Toman (تومان) (20)
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Reverse script Arabic
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Edge Reeded
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Additional information

Moẓaffar od-Dīn Shāh's reign was defined by fiscal collapse and foreign dependency — it was he who twice accepted ruinous loans from Russia, in 1900 and 1902, pledging Iranian customs revenues as collateral. The gold coinage of this period was itself partly a function of that pressure, as monetary reforms were attempted to stabilize a treasury already effectively mortgaged to St. Petersburg. He would sign the Constitutional decree in 1906, just months before his death, under circumstances that remain disputed.

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