Iran is a country located in Western Asia and borders the Caspian Sea to the north. The total area of Iran is approximately 636,372 square miles. With a population of 83 million, Iran is the second-largest country in the Middle East region. The capital and also the largest city is Tehran. Persian is the official language in Iran.
The history of the Iranian Rial Banknotes.
In 1798, the first Rial (IRR) was introduced as a coin currency. However, due to the extremely low value, it was replaced by the qiran in 1825. In 1932, the Rial was reintroduced as the official currency in Iran with both denominations of coin and banknotes.
The first rial banknote series also called the Reza Shah series was developed at 5, 10, 20, 50, 100, and 500 rials notes. In 1935, 1 000 rials notes were added, 200 rials notes in 1951. Followed by 5 000 and 10 000 rials notes in 1952. These contained a portrait of Reza Shah, the founder of the Pahlavi dynasty.
Since the Islamic revolution in 1979, the designs started getting more intricacies and the Shah images were replaced by the Imam Reza shrine. The banknote denomination was available at 100, 200, 500, 1 000, 5 000, 10 000 rials notes.
Then, in 1981, the revolution series was introduced with the denomination at 100, 200, 500, 1 000, 2 000, 5 000, 10 000 rials notes. These notes were decorated with only historical buildings of Iran except 100 rials notes were featured with a portrait of Hassan Morrades.
The Ruhollah Khomeini banknotes series were in circulation in 1992. These banknotes were available at a wide range from 1 000 rials notes to 100 000 rials notes as a result of high inflation in Iran.
The latest rial banknotes were introduced in 2019 with Ruhollah Khomeini’s portrait and the previous series. On the reserved side, these banknotes were features of historical sites such as the Tomb of Hafez. There are 10 000, 20 000, 50 000, and 100 000 rials notes included in this series.
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