Banknotes News/Iran/2023
ND (2008; issued 2023)

2.000.000 Rials

Iran · Central Bank of the Islamic Republic of Iran
Iran 2.000.000 Rials

The 2,000,000-rial note — equivalent to 200 Tomans — is classified as an 'Iran Cheque', a bearer-instrument format used alongside regular banknotes to handle very large transactions driven by rial depreciation. Printed by Takab on paper measuring approximately 160 x 75 mm, it represents one of the largest denominations in Iran's circulation at the time of release. The watermark features a portrait of the Persian epic poet Ferdowsi alongside an electrotype denomination, and the security thread carries demetalized text reading '2000000'.

Highlights
ReasonIssued as a very high-denomination Iran Cheque responding to accelerating rial inflation that has eroded the purchasing power of lower denominations.
DesignKarun-3 Dam in Khuzestan Province on obverse; Persian calligraphy with Islamic geometric floral motif on reverse.
Security featuresWindowed security thread with demetalized '2000000' text, solid security thread with Farsi script, Ferdowsi watermark with electrotype denomination.
Sources
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