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500 Rials - Mohammad Rezā Pahlavī 7th. portrait, 'Dark Panel'
| Issuer | Bank Markazi Iran |
|---|---|
| Year | 1969 |
| Type | Standard circulation banknote |
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| Obverse description | Black intaglio on pink and purple guilloche underprint. Central vignette of Mohammad Reza Shah Pahlavi in military uniform, representing the seventh official portrait series. Bank name and denomination inscribed in Persian script above and below the central vignette, with ornate border work framing the composition. |
|---|---|
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| Reverse lettering | BANK MARKAZI IRAN ۵۰۰ RIALS 500 (Translation: Central Bank of Iran 500 Rials) |
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| Comments |
By the late 1960s, Harrison & Sons had become the dominant printer for Iranian paper currency, a relationship that would persist until the Revolution made British involvement politically untenable. The "Dark Panel" designation distinguishes this issue from earlier 500 Rial notes in the same Pahlavī series — the tonal shift in the underprint was a deliberate security modification, not a design refresh, intended to complicate photographic counterfeiting at a time when that method was the primary threat.
Pick 88 sits at the upper end of the denominations in everyday circulation during Iran's oil-boom expansion. High-value notes from this period often show heavy fold wear; the 160mm width made wallet storage awkward.