Catalog
500.000 Rials
| Issuer | Bank Maskan |
|---|---|
| Year | 2000 |
| Type | Standard circulation banknote |
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| Obverse description | The obverse carries the bold Persian inscription ایران چک at the top centre, with a large serial number in red printed to the upper right. A central vignette features a stylised dove in flight above a Bank Maskan branch stamp in blue, with the designation بانک مسکن / مدیر عامل below. The lower left bears the denomination in Persian script پانصدهزار ریال, and a MICR-encoded serial strip runs along the bottom edge against a fine pink guilloche underprint. |
|---|---|
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| Reverse description | The reverse is printed predominantly in coral-pink tones and carries the English title IRAN CHEQUE at the top centre, with the denomination 500000 repeated in large numerals on the left side against a security guilloche underprint. The lower centre bears the English legend FIVE HUNDRED THOUSAND RIALS in block letterpress. Blank fields for recipient personal data, branch details, and a signature line are laid out in Persian text columns to the right and centre, with a small dove vignette at mid-centre. |
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| Comments |
Bank Maskan — the state-owned housing bank of Iran — is one of the few specialized institutions authorized to issue its own bearer instruments alongside the central bank. This 500,000 Rial note functions as a bank draft or guaranteed cheque rather than a circulating banknote in the conventional sense; such instruments were commonly used in Iranian real estate transactions where large cash sums were both impractical and legally discouraged.
The MICR encoding places it firmly in the interbank clearing system rather than general circulation, which explains why collector examples are almost always found unfolded.