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50 Rials Persian Empire

Issuer Bank Markazi Iran
Year 1971
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Currency Second Rial (1932-date)
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Reverse description Central intaglio vignette of Shah Mohammad Reza Pahlavi in military uniform presenting land deeds to a turbaned villager, with a large crowd and rural buildings in the background, commemorating the White Revolution land reform programme. Denomination medallions in olive-brown bearing the Persian numeral ۵۰ appear at upper left and upper right, flanked by intricate guilloche rosettes in blue and yellow-green at right. The Persian denomination پنجاه ریال is inscribed at lower left, with '50 RIALS' in a decorative cartouche at bottom centre.
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Protection type Watermark
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Comments

Pick 97 carries two distinct signature combinations, both pairing Dr. Jamshid Amouzegar — who served as Finance Minister under the Shah through much of the 1970s — with different Bank Markazi governors. Amouzegar would later become Prime Minister in 1977, making his appearance on Iranian currency a small marker of the political ascent that preceded the Revolution.

De La Rue had printed Iranian notes continuously since the Melli Bank era, and by 1971 the relationship was well established enough that security specification decisions were largely handled in London.

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