Iran 50 Rials P123b/TBB257a Overprint Shah Portrait & Watermark Unc
In 1978, the Islamic Republic of Iran was established when the Pahlavi dynasty was ousted from power by the supporters of Ayatollah Khomeini. Before banknotes could be issued in the name of the new republic, notes from the fallen regime were used but all traces of the Shah were obliterated by overprints over his portrait which appeared on the fronts and in the watermark. We can offer Uncirculated 50 rials showing the obliterated portraits of the Shah(P123b) The back features a view of the tomb of Cyrus the Great in Pasargadae. Uncirculated.