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50.000 Rials
| Issuer | Central Bank of the Islamic Republic of Iran |
|---|---|
| Year | 2021-2022 |
| Type | Vouchers |
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|---|---|
| Obverse lettering | بانک مرکزی جمهوری اسلامی ایران پنجاه هزار ریال 50000 |
| Reverse description | Violet and pink color scheme with a fine guilloche underprint across the entire field. The central vignette presents the Tomb of Hafez (Hafezieh) in Shiraz, rendered in detail with its classical columned rotunda and surrounding gardens. To the left, a vertical panel carries a calligraphic Persian inscription, while the English inscription 'CENTRAL BANK OF THE ISLAMIC REPUBLIC OF IRAN' appears at upper-left and 'FIFTY THOUSAND RIALS' at the lower margin. |
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| Comments |
Iran's high denominations have tracked the rial's collapse in real time. By the early 2020s, 50,000 rials was worth less than two US dollars at the open market rate — a figure that tells you more about the note's reason for existence than any design element could. Chronic inflation driven by decades of sanctions, oil revenue volatility, and domestic monetary expansion had already rendered smaller denominations functionally useless for routine transactions.
The Iranian government formally renamed the currency unit to the "toman" at 10,000 rials in 2020, though physical redenomination has moved slowly. These notes circulate in a dual-name economy where neither the printed denomination nor the colloquial unit quite matches daily usage.