1/4 Dinar

Iraq's 1953 series was the first issued under the National Bank of Iraq, which had been established just two years earlier following the Currency Board's dissolution — a structural shift driven by nationalist pressure to bring monetary control under domestic institutional authority rather than leaving it tied to a British-administered body. Bradbury Wilkinson produced the series in London, a firm that handled a substantial portion of Britain's colonial and post-colonial currency printing work through the mid-twentieth century.

The quarter dinar denomination was the smallest in the 1953 issue, useful for everyday transactions in a market economy still heavily reliant on small-value exchange. Watermark security was the primary anti-counterfeiting measure — relatively modest for the period, though consistent with what Bradbury Wilkinson typically incorporated at this price point for smaller denominations.