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| 正面铭文 | بانک ملی ایران پنجاه ریال (Translation: Bank Melli Iran Fifty Rials) |
| 背面描述 | Olive-green intaglio print on a plain ground. The Imperial Iranian coat of arms — a lion passant holding a sword before a rising sun, surmounted by the Pahlavi crown — is set within a circular guilloche medallion at centre, flanked by denomination numerals '50' at each corner; Persian denomination text in cursive script appears to either side. The printer's imprint 'AMERICAN BANK NOTE COMPANY' runs along the lower margin, with the date rendered in Persian numerals at right. |
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The American Bank Note Company produced this note for Bank Melli Iran shortly after the bank's establishment in 1928 — Iran's first fully state-owned central bank, founded specifically to displace the British-controlled Imperial Bank of Persia from its note-issuing monopoly. The political motivation behind the commission was pointed: placing the contract with an American firm rather than a British one was itself a statement.
Pick 21 belongs to the earliest series issued under Reza Shah's monetary modernization program. The rial itself had only just been formally established as Iran's currency unit in 1932, replacing the qiran, which makes this among the first notes denominated in the new system.