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500.000 Rials

Issuer Bank Mellat
Year 2000
Type Standard circulation banknote
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Obverse description The obverse of this Bank Mellat traveller's cheque is printed on salmon-pink tinted paper with a fine guilloche underprint. At upper right, the issuing bank's name appears in Persian script alongside the denomination 500,000, with a serial number repeated at upper right and lower left. The central vignette presents a tall modernist tower building rendered in red-brown intaglio, flanked by a large hexagonal security seal at right and a blank hexagonal countersigned panel at left; a date field in Persian numerals appears below the vignette, with the denomination in words at lower right.
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Protection description Hexagonal embossed security seal with concentric rosette pattern at right of obverse; unique serial number printed twice on obverse in Persian numerals
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Comments

Bank Mellat is not a central bank — it is one of Iran's large state-owned commercial banks, which makes this note unusual. Central bank issuance in Iran falls to Bank Markazi; a 500,000-rial denomination carrying a commercial bank's name suggests this is either a certified cheque, a bank draft, or a cashier's instrument rather than a circulating banknote in the conventional sense. The Pick number is unassigned, which is consistent with that ambiguity.

Without a confirmed Pick reference, the precise printing source and full security specification remain unverified. The serial numbering and security seal are minimal features for a denomination of this size, pointing toward internal institutional use rather than open retail circulation.

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