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200 Rials

Issuer Bank Markazi Iran
Year 1964
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Value 200 Rials (200 IRR)
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Reverse lettering BANK MARKAZI IRAN
RIALS 200
دویست ریال
راه آهن شمال پل ورسک
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Protection description Shah Mohammad Reza Pahlavi portrait watermark
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Comments

Harrison & Sons held the Iranian contract through much of the 1960s, printing the bulk of the Pahlavi-era series from their High Wycombe facility. The 200 Rial denomination was relatively high-value for everyday transactions at the time — oil revenues were beginning to reshape the economy, but per capita income remained modest enough that a 200 Rial note represented serious purchasing power for most Iranians.

P#81 preceded the major design revisions that followed the 1979 revolution, after which surviving Pahlavi-issue notes were systematically overstamped or withdrawn. Unaltered examples from this issue become harder to find in original circulated condition precisely because so many passed through that redemption process.