Iran One Million Rials Banknote The Islamic Republoic of Iran 2022 Sig 6 1 Ali Salehabadi UNC Unique and Rare

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Iran One Million Rials Banknote The Islamic Republoic of Iran  2022 Sig 6 1 Ali Salehabadi  UNC Unique and Rare 

The Central Bank of the Islamic Republic of Iran (CBI) put a new banknote into circulation on 12 September 2022. The one million-Rial cash cheque is the latest in a series being issued during Iran’s transition from the currency name Rial to the future name: Tomana. The 1,000,000-Rial cheque serves as an emergency currency and is not valid as legal tender.

During a multi-year period of currency reform, Iran is issuing interim banknotes, each with a dual denomination of Iranian rials (with phantom numbers) and tomancers (tomans). For all notes in the interim series, the conversion rate is 10,000 rials = 1 toman. Thus, the newest note will represent dual denominations: 1,000,000 rials and 100 tomans.