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5 Dinars
| Issuer | Iraq Currency Board |
|---|---|
| Year | 1931 |
| Type | Standard circulation banknote |
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| Obverse description | Portrait of King Faisal I in intaglio engraving at right, within a ruled frame, against a fine guilloche underprint in rose-purple. Arabic text panel at centre carries the denomination خمسة دنانير and the issuing authority inscription, dated 1931, flanked by ornamental corner rosettes. Serial number A036,325 appears twice, at upper right and lower left, with two manuscript signatures below centre. |
|---|---|
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| Reverse description | Predominantly rose-purple intaglio design with a large guilloche numeral 5 vignette at left bearing the legend DINARS below, flanked by intricate lathe-work borders on both sides. Central panel carries the bilingual English text inscription with the date Baghdad, 1st July, 1931, and FOR THE IRAQ CURRENCY BOARD. A blank oval watermark window occupies the right portion, and two manuscript signatures appear along the lower margin. |
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| Comments |
The Iraq Currency Board was a transitional authority, established under British oversight in the years following the 1920 mandate and before Iraq's full monetary independence. This 1931 issue predates the founding of the National Bank of Iraq by over two decades — the Currency Board continued operating until 1947, longer than most comparable mandate-era institutions.
Hilton Young, whose signature appears on this note, was at the time Iraq's Minister of Finance — a British appointment. He had previously chaired the 1929 Hilton Young Commission on East African currency, making his tenure across multiple colonial monetary systems one of the more consequential, if underexamined, chapters in interwar finance.