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| Issuer | Imperial Bank of Persia |
|---|---|
| Year | 1924-1932 |
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| Reference(s) | P#13 |
| Obverse description | Green and brown-lilac bicolour print with a portrait vignette of Nasr-ed-Din Shah at right, accompanied by the Iranian government seal. The design incorporates intricate guilloche underprint patterns typical of Waterlow & Sons engraving work. Persian inscriptions identify the issuing authority and denomination, with a blank space reserved for the payable city name. |
|---|---|
| Obverse lettering | فقط در ( نام شهر) ادا خواهد شد بانک شاهنشاهی ایران تصویر ناصرالدین شاه پنج تومان مهر مامور دولت علیه ایران (Translation: PAYABLE ONLY AT (city name) Imperial Bank of Iran Five Tomans) |
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| Comments |
The Imperial Bank of Persia was a British-chartered institution, established in 1889 under a concession granted by Nasr-ed-Din Shah, and it held the exclusive right to issue banknotes in Persia for decades. That the bank continued printing notes bearing Nasr-ed-Din Shah's portrait well into the 1920s — long after his 1896 assassination and through the effective end of the Qajar dynasty — reflects the slow administrative inertia of a concessionary bank more answerable to London than to Tehran.
Waterlow & Sons printed the series, as they did much of the bank's output. By 1932, the newly consolidated Bank Melli Iran had absorbed the note-issuing privilege entirely, ending the Imperial Bank's monetary role in the country.