50 Tomans

The Azerbaijan People's Government was a Soviet-backed separatist administration that controlled the northwestern Iranian province of Azerbaijan for roughly a year, from late 1945 until December 1946, when Iranian central government forces retook the region following Soviet troop withdrawal. These notes were issued during that brief window as the autonomous government attempted to establish parallel administrative and economic structures distinct from Tehran.

P#S106 is among the more elusive denominations from this short-lived series. The issuing authority collapsed so rapidly that much of the currency never achieved meaningful circulation, yet survival rates are uneven — political upheaval rarely favors organized preservation.