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200 Rials

Issuer Bank Markazi Iran
Year 1981
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Currency Rial (1932-date)
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Reverse description The reverse presents a large intaglio vignette of the Azadi Tower (Borj-e Āzādi) in Tehran, centrally positioned against a multicolored geometric guilloche background in blue and green tones. The English inscription BANK MARKAZI IRAN runs along the upper margin, with the denomination 200 RIALS at the lower right. SPECIMEN perforation cancellations are visible across the face of the note.
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Protection description Watermark area visible at left on obverse; SPECIMEN perforation cancellation applied as trial note security measure.
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Comments

P#127A belongs to a series issued in the immediate aftermath of the Islamic Revolution, when Bank Markazi Iran was methodically overprinting or replacing pre-revolutionary notes carrying imagery of the Shah. This particular series reflects the transitional printing arrangements of that period — the revolutionary government initially had to work with existing plate infrastructure while establishing new design standards aligned with the Islamic Republic's iconography.

The 1981 date places it squarely within the first years of the Iran-Iraq War, when currency demand spiked sharply and notes of this denomination saw heavy use.