50 Tomans / 500 000 Rials

Iran's currency redenomination has been a long time coming. The toman — the informal unit Iranians have used in daily speech for decades, dividing official rials by ten — was formally reinstated as the legal currency unit by parliamentary legislation passed in 2020, with full implementation delayed repeatedly before notes finally began entering circulation. This 50 Toman piece sits at the top of the inaugural redenominated series, equivalent to 500,000 rials, a figure that underscores just how far hyperinflationary pressure had eroded the rial's practical value over four decades.

TAKAB, the domestic security printer in Āmol, has handled Iranian banknote production since the early 2000s, ending the country's reliance on foreign printers — a shift driven as much by sanctions exposure as by sovereign preference.