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1 Dinar
| Issuer | Iraq Currency Board |
|---|---|
| Year | 1931-1932 |
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| Reference(s) | P#3 |
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|---|---|
| Obverse lettering | دينار واحد |
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| Reverse lettering | GOVERNMENT OF IRAQ ONE DINAR CURRENCY NOTE ISSUED AND CONVERTIBLE INTO STERLING, IN ACCORDANCE WITH THE PROVISIONS OF LAW NO 44 OF 1931. BAGHDAD, 1st JULY, 1931. FOR THE IRAQ CURRENCY BOARD. BRADBURY WILKINSON & CO LTD ENGRAVERS NEW MALDEN SURREY ENGLAND |
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| Comments |
The Iraq Currency Board was a transitional institution, established under British mandate authority to manage Iraq's monetary affairs in the years immediately following the 1932 independence declaration. The Board's notes were denominated in Iraqi Dinars pegged at par to the pound sterling — a deliberately conservative arrangement designed to maintain confidence during the handover period.
E. Hilton Young, whose signature appears on this note, was the British financial adviser whose 1925 report shaped currency reform across multiple mandate territories. His presence on the face of an Iraqi note reflects how thoroughly British administration remained embedded in Iraqi fiscal infrastructure even as formal political control receded.