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500 Rials - Mohammad Rezā Pahlavī
| Issuer | Bank Melli Iran |
|---|---|
| Year | 1946 |
| Type | Standard circulation banknote |
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| Obverse description | Blue and multicolour note with a portrait of Shah Mohammad Reza Pahlavi in military uniform at right, set against a large central guilloche vignette incorporating a winged horse (Pegasus). The denomination پانصد ریال (Five Hundred Rials) is printed in bold Persian script at centre-lower, with the bank title بانک ملی ایران across the upper field. An ornate floral and geometric border frames the entire design, with serial numbers repeated at upper left, upper right, lower left, and lower right. |
|---|---|
| Obverse lettering | بانک ملی ایران پانصد ریال (Translation: Bank Melli Iran / Five Hundred Rials) |
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| Comments |
This 500 Rial note belongs to the first series issued under Mohammad Reza Shah following his father Reza Shah's forced abdication in 1941, when Allied occupation effectively ran Iranian finances. Harrison & Sons had been printing Iranian notes since the 1930s, and the relationship continued uninterrupted through the transition — the new Shah's face replaced his father's with relatively little else changing in the production chain.
The watermark remains the sole security feature, which left these notes vulnerable to skilled forgery during the politically unstable late 1940s.