500.000 Rials

Bank Keshavarzi is a state-owned specialist bank established in 1933 to provide credit to Iran's agricultural sector — it is not a central bank and does not issue legal tender currency. What are catalogued as "notes" from this institution are almost certainly bearer bonds, credit certificates, or internal financial instruments rather than circulating banknotes in any conventional sense. The distinction matters when assessing pick numbers, as P#0 indicates this item has not been formally assigned a standard reference.

The presence of MICR serials and a security thread suggests post-revolutionary production to a reasonably professional specification, but without confirmed attribution to a specific printer or verified circulation data, little more can be said with confidence.