500 Rials, Bank Melli Iran, Iran, 1311 (1932) (Pick 23)

This 500 Rials note was issued in Iran by the Bank Melli Iran, dated 1311 (1932). It belongs to the Second Rial (1932-date) currency system. Issuing authority and period recorded in the catalogue: Reza Shah (1925-1941). It measures 180 × 105 mm and is printed on paper. The Standard Catalog of World Paper Money lists the type as Pick 23. Numista identifies the design as “Rezā Pahlavī (1st. portrait)”.

Obverse: Blue on multicolor underprint. Portrait Reza Shah with high cap full face at left; scene of Mount Demavand at center right. Its lettering reads “بانک ملی ایران / پانصد ریال”. Translation given in the catalogue: “Bank Melli Iran Five Hundred Rials”. Reverse: Blue print. Coat of arms at center. Date printed at right. Its lettering reads “بانک ملی ایران / پانصد ریال”. Translation given in the catalogue: “Bank Melli Iran Five Hundred Rials”.

The note was printed by American Banknote Corporation (American Bank Note Company), United States (1795-date). Signatures recorded for the type: Ali Alamar (AA) (General Director); Kurt Lindenblatt (KL) (Minister of Finance). Demonetized: Yes. Identification note: match the value, issuing bank, printed date and Pick number together; dates and signature combinations distinguish sub-varieties, which are not separated in this entry. Details follow the Numista catalogue entry and the Standard Catalog reference it cites; they have not been checked against a central-bank archive.