Iranian Toman - Banknotes

Banknotes

In 1890, the Imperial Bank of Persia introduced notes in denominations of 1, 2, 3, 5, 10, 20, 25, 50, 100, 500 and 1000 toman. These notes were issued until 1923. In 1924, a second series was introduced, consisting of 1, 2, 5, 10, 20, 50 and 100 toman notes which were issued until the rial was introduced in 1932. The higher-denomination notes were subject to frequent counterfeiting. Currently, since the worth of the toman has fallen so much the standard bank notes are 1,000; 2,000; 5,000; 10,000; 50,000; and 100,000 toman notes.