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250 Dinars

Issuer Central Bank of Iraq
Year 1994-1995
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Size 175 × 85 mm
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Obverse description Intaglio portrait of Saddam Hussein in three-quarter view occupies the right half of the note against a fine guilloche underprint in teal and pink. To the left, a vignette of the Qadisiya (Al-Qadisiyyah) hydroelectric dam is set within an oval guilloche frame, with the Arabic inscription سد القادسية above it. Denomination numerals ٢٥٠ appear in rosette cartouches at each upper corner, and the issuer's name in Arabic script is rendered across the top banner.
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Reverse lettering Central Bank of Iraq
Two Hundred Fifty Dinars
250
DINARS
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Comments

Iraq's 250 Dinar note of 1994–95 arrived during the period of severe UN sanctions imposed after the Gulf War, when the Iraqi dinar had collapsed catastrophically against hard currencies — from roughly 3 dinars to the dollar in 1990 to several hundred by the mid-1990s. The Central Bank was printing larger denominations simply to keep pace with hyperinflationary pressure, not to reflect any genuine monetary stability.

The watermark remains the sole mechanical security feature, a thin line of defence against counterfeiting at a moment when the government itself had every incentive to produce unsanctioned printings to fund expenditure the official banking system could not cover.