1 Dirham / 50 Fils - Ghazi I

Ghazi I inherited the Iraqi throne in 1933 following Faisal I's sudden death and proved a far more volatile figure — openly pro-Nazi in sympathy, he ran a private radio station from the palace broadcasting pan-Arab propaganda and irredentist claims over Kuwait. The British watched him with considerable unease. He died in 1939 when his car struck a telegraph pole, a crash widely suspected as assassination though never proven.

This issue's two-year span reflects the brevity of his effective reign. The .500 fine silver standard had been fixed at that fineness since the Iraqi monetary law of 1931, a compromise between bullion cost and durability for a young state still building circulation infrastructure.