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20 Rials Islamic Banking Week
| Issuer | Central Bank of Iran (Bank Markazi Iran) |
|---|---|
| Year | 1988 |
| Type | Commemorative circulation coin |
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| Reverse description | Central motif depicts a multi-storey modernist bank building rising above a stylised handshake, symbolising financial cooperation and justice under Islamic banking principles. The building and handshake are flanked by two wheat or laurel sprigs. The lower portion features a cogwheel-like decorative border element. A curved Arabic legend surrounds the upper field, and the Solar Hijri date 'دهم شهریور ۱۳۶۷' (10th Shahrivar 1367) appears in the lower central exergue, with the year ۱۳۶۷ inscribed below it. The design commemorates Islamic Banking Week. |
| Reverse script | Arabic |
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| Additional information |
Islamic Banking Week commemoratives were struck annually by Bank Markazi beginning in the mid-1980s to mark Iran's formal abolition of interest-based finance — a project enshrined in the 1983 Law for Usury-Free Banking, which mandated the conversion of the entire national banking system to profit-and-loss sharing contracts within three years. The 1988 issue appeared as Iran was still absorbing the economic strain of the war with Iraq, a conflict that had severely depleted foreign reserves and forced the government to lean harder on ideological framing of its financial institutions.
Circulation was limited, and most examples reached the public through bank branches during the commemorative week itself rather than through ordinary channels.