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100 Dollars

Issuer Rafidain Bank
Year
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Size 182 x 83 mm
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Reverse description Plain verso showing bleed-through of the obverse guilloche and seal vignette, with MICR encoding visible in mirror image along the lower edge. A large endorsement area is reserved at centre for the paying agent's stamp, with faint security underprint across the field.
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Protection description Complex interlaced guilloche scrollwork surrounding the central bank seal vignette; MICR encoding strip printed along the lower margin for machine reading at point of redemption
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Comments

Rafidain Bank, Iraq's dominant state commercial institution after the 1964 nationalization of private banks, issued through a structure that blurred the line between central and commercial banking functions — particularly during the Ba'athist period when it effectively operated as the government's primary financial instrument. Thomas De La Rue's involvement is consistent with Iraq's long reliance on British security printers, a relationship stretching back to the Hashemite-era Currency Board notes.

MICR encoding on Iraqi commercial banknotes is worth noting — its presence suggests this issue was designed for machine-sorted interbank clearing, not purely retail use.

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