100 Dollars

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.