Persian Treasury
فارسی11 eras

Islamic Republic
Islamic Republic 50,000 Rial = 5,000 Toman Note (Redenomination Series)
Phase-one of the planned 1:10,000 redenomination — banknotes carry both 'rial' (legal) and 'toman' (popular) values during transition. Full redenomination implementation was repeatedly delayed.
| Date | 2021 – present |
|---|---|
| Mint | Bank Markazi Iran |
| Metal | Paper |
| Era | Islamic Republic (1979 – present) |
| Region | Iran |
Obverse and reverse
Obverse
Khomeini portrait; new dual denomination 'Toman' marking introduced under the 2020 redenomination law.
Reverse
Architectural vignette (varies by denomination).
Historical context — Islamic Republic
Post-revolution coinage replaced the Lion-and-Sun with floral and architectural motifs. Banknotes feature Khomeini portrait from 1992, and have ranged from 100 to 1,000,000 rial. Toman (10 rial) is being reintroduced as the official unit in 2020s currency reform.
Read the full Islamic Republic essay →Frequently asked
- What is the Islamic Republic 50,000 Rial = 5,000 Toman Note (Redenomination Series)?
- Phase-one of the planned 1:10,000 redenomination — banknotes carry both 'rial' (legal) and 'toman' (popular) values during transition. Full redenomination implementation was repeatedly delayed. It was struck in 2021 – present at Bank Markazi Iran.
- What metal and weight is it?
- Paper.
- What designs appear on it?
- Obverse: Khomeini portrait; new dual denomination 'Toman' marking introduced under the 2020 redenomination law. Reverse: Architectural vignette (varies by denomination).