½ Dinar

Iraq's post-mandate currency arrangements required a clean break from the Indian rupee system that had governed the country's money supply since the British occupation. The Iraqi dinar was introduced in 1932, but the 1947 series represented the first notes issued directly under Central Bank authority rather than through the transitional Iraq Currency Board, giving Baghdad genuine institutional control over its own monetary emissions for the first time.

De La Rue's involvement in this series is unsurprising — the firm held printing contracts across much of the British-influenced Middle East in this period. The half-dinar denomination saw relatively light circulation, as everyday transactions at that level still defaulted heavily to coin.