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Portrait vignette of King Faisal I in Western attire at right, set within a decorative frame. The centre field bears Arabic text on a guilloche underprint with a central rosette pattern, flanked by an ornate blank panel at left. Serial number appears at upper right and lower left, with printed signatures along the bottom margin. |
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Central text panel framed by ornate guilloche borders reads 'GOVERNMENT OF IRAQ / ONE DINAR' above the currency note legend, with the date 'BAGHDAD, 1st JULY, 1931' and signature of E. Hilton Young for the Iraq Currency Board. Numeral '1' appears in octagonal medallions at upper right and lower right, with a monogram cartouche at left bearing a stylised 'D' and Arabic numeral. |
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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.