Banknotes of the third series were printed in a smaller size than the first issue in 1948 and were reprinted in 1951. The portrait of Shah is a bit smaller mostly due to its restricted borders. The images at the back side are unique drawings from ancient places in Iran, that were never used again. All the banknotes of this issue are without date and the warning box on the obverse side is ommited.
Signatures: General director (right) : Abolhasan Ebtehaaj ; Government's inspector (left): Ali Baamdaad.
10 Rials
Reverse: Winged dragon, Sassanid era (Circa 600 A.D.) .
20 Rials
Reverse: Fight of a Lion & a bull from Persepolis carvings.
50 Rials
Reverse: Carvings of the Persepolis.
100 Rials
Reverse: Carvings of the Persepolis.
200 Rials
Reverse: Veresk bridge in the Northern railroad of Iran.
500 Rials
Reverse: A miniature painting from Chehelsotoon Palace in Isfahan- Safavid era (Circa 1600 A.D.)
1000 Rials
Reverse: A scene from mount Damaavand & Jaajrud river.