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Auction: 23132 - World Banknotes - e-Auction
Lot: 1526

(x) National Bank of Iraq, 1/2 Dinar, 1947 (ND 1953), serial number F503750, the National Bank of Iraq holds great significance as one of the first private banks to operate in Iraq following the Gulf War. The period during which this banknote was issued was a momentous chapter in the history not only of Iraq but also the broader Middle East region.

Against the backdrop of political, social, and economic transformations, this series of banknotes stands out as among the final few series to circulate before the establishment of the Central Bank of Iraq in 1956. This particular banknote, distinguished by its exquisite aesthetics, reflects the contemporary ambitions to develop infrastructure; a theme that would be depicted on future notes.

It bears witness to the foundation of complex political and social dynamics that would continue to shape Iraq and the Middle East for decades to come. While the reverse side features the traditional imagery of the Malwiya Tower at the Great Mosque of Samarra, the banknote's allure is further enhanced by its intricately detailed patterns and the distinctive guilloche designs, rendering it an exceptionally attractive note
(Pick 33, BNB 207), in PMG holder 20 Very Fine

Subject to 5% tax on Hammer Price in addition to 20% VAT on Buyer’s Premium.

Sold for
£1,200

Starting price
£800