Description

2026 IRR 5,000,000 Rials 3-Note Set Agha Bozorg Mosque B304 Hyperinflation Issue

This IRR 5,000,000 rials set of 3 notes represents one of the most dramatic modern high-denomination issues of the rial era. The type was introduced by the Central Bank as a new 5,000,000-rial “Iran cheque,” reflecting the continuing effects of inflation and the shrinking purchasing power of everyday currency. Contemporary reporting noted that the note entered circulation in early 2026 as the country’s largest-denomination banknote at the time.

Authenticity is supported by the issue’s modern security features and its documented release. BanknoteNews identifies the note as B304 (PNL), printed on paper in 156 x 71 mm format, with a gold-to-green windowed security thread, an additional solid security thread, a watermark with archway and electrotype 500, and a gold-to-green SPARK “500”on the design. These elements make the type both visually distinctive and technically sophisticated for collectors of contemporary world paper money.

The note’s historical significance lies in its denomination. At 5,000,000 rials, it stands as a powerful symbol of late-stage monetary inflation and denomination expansion in the modern Middle East. News coverage at the time of release highlighted how little hard-currency value such a large face value represented, underscoring why this issue has immediate appeal to collectors of inflationary and hyperinflation-style banknotes.

Design-wise, the front features the Agha Bozorg Mosque in Kashan, a notable architectural landmark chosen for its elegant symmetry and cultural resonance. The note carries a yellow-toned palette with large numeral devices and advanced security integration. The back depicts the tomb of Ferdowsi in Tus, linking the issue not only to monetary history but also to national cultural heritage.

For cataloging purposes, this type is documented as B304 (PNL), while marketplace references have also described it as P-W168 in trade listings. For collectors building type sets, inflation sets, or modern high-denomination note runs, the B304 attribution is the clearest published reference currently available.

A matched set of 3 examples is especially attractive because it offers stronger display value than a single note while remaining easy to store, frame, or group with other inflationary issues. The combination of huge denomination, recent release, advanced security, and architectural imagery gives this set crossover appeal for collectors of world banknotes, monetary history, and modern inflation-related issues.

Collector’s Value
This 3-note set is an excellent choice for collectors who want a modern large-denomination type with strong visual impact and an important inflation story behind it. As one of the newest and most talked-about high-value rial issues, it offers both conversation value and historical relevance, making it a compelling addition to any world currency or hyperinflation collection.

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