Previous Lot Next Lot

Auction: 23132 - World Banknotes - e-Auction
Lot: 1539

(x) Central Bank of Iraq, specimen 1/2 Dinar, ND (1971), serial number 454, the Central Bank of Iraq, established in 1947, operates autonomously from the government. Prior to this, Iraq's financial landscape looked significantly different. Following its independence from British control in 1932, the Kingdom of Iraq introduced its own currency, the Iraqi Dinar. However, the monetary system was note centralised until the Central Bank's inception.

What makes the banknote currently available at auction interesting is its unique design. In the late 1950s, following a huge political shift in leadership, Iraq's banknotes no longer featured portraits of the country's monarchs. This specific 1/2 Dinar note showcases a modern cement factory complete with smokestacks and pipes on the front face. On the reverse side, the iconic Malwiya Tower is shown, located at the Great Mosque of Samarra, boasting an exquisite spiral minaret. These two contrasting images on the note, one representing modernity and the other tradition, are characteristic of the 1971 series
(Pick 57s, BNB 314), in PMG holder 63 Choice Uncirculated, minor rust

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

Estimate
£1,000 to £1,500

Starting price
£1000