Bank Melli Iran 5,000,000 Rials Traveler’s Cheque (Cancelled/Punched)

Bank Melli Iran 5,000,000 Rials Traveler’s Cheque (Cancelled/Punched)

An interesting piece of modern Iranian banking history, once widely used for transferring and handling large amounts of money before the dominance of electronic banking systems.

Details:
Issuer: Bank Melli Iran
Value: 5,000,000 Rials
Era: Before widespread electronic banking and card-based transactions
Purpose: Could be redeemed in cash or deposited into a bank account after endorsement and identity verification
Status: Punched/Cancelled, indicating that the cheque has already been redeemed and settled by the bank

These traveler’s cheques played an important role in large-value transactions and are now collectible items representing an era of Iran’s banking and financial history.