Iran - (P 97a) 50 Rials (1971) UNC - Commemorative: To commemorate the 2500th year of the Persian Empire

Muhammad Reza Pahlavi and his likeness on banknotes

Muhammad Reza Pahlavi, the last Shah of Iran, ruled from 1941 until 1979, when he was deposed during the Islamic Revolution of Iran. His reign was marked by efforts to modernize Iran, economic reforms and growing authoritarianism. Although his regime gained support through industrial development and reform, dissatisfaction with social divisions and political oppression led to its downfall.

One of the visual symbols of his power was his image on Iranian banknotes. Banknotes with the Shah's portrait were a symbol of the monarchist regime and his personal cult. Muhammad Reza Pahlavi was usually depicted on banknotes in traditional royal dress or in a general's uniform, emphasizing his position as both national leader and commander of the armed forces.

These banknotes were printed in various denominations and often featured motifs from Iranian history and culture, such as the ancient palaces of Persepolis or national symbols. After the 1979 revolution, all banknotes bearing his likeness were withdrawn from circulation and replaced with new ones dominated by Islamic and religious motifs, most notably a portrait of Ayatollah Khomeini.

Today, banknotes with the Shah's likeness are among collectors as historical artifacts commemorating the Pahlavi dynasty and its influence on modern Iranian history.