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Signature Set Detail: Iraq Currency Board Banknotes



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The "Government of Iraq" banknote series represents the first paper money that circulated in the Kingdom of Iraq. The complete set of issued notes [proofs and specimens are not in scope for my collection] consists of 47 notes, covering 5 different issues and all signature varieties. The denominations in this series are 1/4, 1/2, 1, 5, 10, and 100 Dinars.

The 1st Issue is that of King Faisal I (1931-1932). At 9 notes, it includes some of the most difficult and rarest notes among all Iraqi money. The 1/2, 5, 10, and 100 of this issue are all rare, especially the 10 and 100.

It is followed by the 2nd Issue, that of King Ghazi (1933-1940). Numerous signature varieties exist, especially for the 1/4, 1/2, and 1 Dinar, with 4-5 varieties for each. The 5 Dinar notes are also excessively rare, much rarer than those of King Faisal I. One of the reasons is that the 5 Dinar notes were only released into circulation in 1940 (after King Ghazi's death), and were shortly replaced by the King Faisal II 5 Dinars. Another more important reason, is that only 75,000 pieces were printed of each signature. Compared to most other banknotes this is considered a very low quantity (for instance, 200,000 pieces of the King Faisal I 5 Dinar notes were printed).

During World War II, a 3rd "Emergency" Issue was printed featuring King Faisal II as a little boy, commonly known as the "baby" issue. This emergency issue was printed by the currency note press at Nasik, India (1941). The paper is notorious for being of a lower quality, with no watermarks. In this issue, the 1/2 Dinar note is incredibly rare, perhaps only rivaled in its rarity by the 100 Dinars of King Faisal, with only 6 known issued notes of each.

The 3rd Issue was shortly followed by Iraq's 4th Issue, again featuring King Faisal II as a "baby", but this time it was printed by Bradbury, Wilkinson, & Co. as was the case with the first two issues (1942-1947).

The last issue of the Iraq Currency Board was the 5th "Supplementary" Issue that featured King Faisal II as a youth, and only consisted of the lowest two denominations (1948-1949).

In 1949, the Currency Board was replaced by the National Bank of Iraq, which had been founded two years before on November 16, 1947. The National Bank of Iraq became the Central Bank of Iraq in 1956. Only the banknotes of the Currency Board are part of this collection

Set Description:
This is an extremely challenging and rewarding set to conquer. All of these notes are hard to find, let alone in decent grade as most available notes have graffiti, tears, tape, sloppy repair attempts, etc.


Registry Award Winner2012Registry Award Winner2014

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Signature Set Details:

Slot NameSlot CommentCertification #Note InfoCountryGradePhoto
P-1a Faisal I, 1/4 Dinar, Signature 1. 8004881-001 Kingdom of Iraq
1/4 Dinar - Printer: BWC
IraqF 15
P-1b Faisal I, 1/4 Dinar, Signature 2. 1203578-001 Iraq Government of Iraq
1/4 Dinar - Printer: BWC
IraqVF 30 NET
P-2a Faisal I, 1/2 Dinar, Signature 1. 8029670-001 Iraq, Government of Iraq
1/2 Dinar - Printer: BWC
IraqVF 25 NET
P-2b Faisal I, 1/2 Dinar, Signature 2. 8009668-001 Iraq Government of Iraq
1/2 Dinar - Printer: BWC
IraqVF 25 NET
P-3a Faisal I, 1 Dinar, Signature 1. 8003542-001 Kingdom Of Iraq
1 Dinar - Wmk: King Faisal I
IraqVF 25
P-3b Faisal I, 1 Dinar, Signature 2. 8003542-002 Kingdom Of Iraq
1 Dinar - Wmk: King Faisal I
IraqF 12 NET
P-4 Faisal I, 5 Dinars, Signature 1. 8023023-001 Iraq, Government of Iraq
5 Dinars - Printer: BWC
IraqF 15 NET
P-5 Faisal I, 10 Dinars, Signature 1. 5001727-001 Iraq, Government of Iraq
10 Dinars - Printer: BWC
IraqF 15 NET
P-6 Faisal I, 100 Dinars, Signature 1.  
P-7a Ghazi, 1/4 Dinar, Signature 3. 8009668-002 Iraq Government of Iraq
1/4 Dinar - Printer: BWC
IraqVF 20 NET
P-7b Ghazi, 1/4 Dinar, Signature 4.  
P-7c Ghazi, 1/4 Dinar, Signature 5. 8003471-002 Kingdom Of Iraq
1/4 Dinar
IraqVF 30
P-7d Ghazi, 1/4 Dinar, Signature 6. 8003471-003 Kingdom Of Iraq
1/4 Dinar
IraqF 15
P-7e Ghazi, 1/4 Dinar, Signature 7. 8026923-001 Iraq, Government of Iraq
1/4 Dinar - Printer: BWC
IraqAU 55 NET
P-8a Ghazi, 1/2 Dinar, Signature 3. 8004274-009 Kingdom Of Iraq Government Of Iraq
1/2 Dinar - Printer: BWC
IraqVF 25
P-8b Ghazi, 1/2 Dinar, Signature 5. 8007519-001 Iraq Government of Iraq
1/2 Dinar - Printer: BWC
IraqF 15
P-8c Ghazi, 1/2 Dinar, Signature 6. 1189962-008 Kingdom Of Iraq
1/2 Dinar - Law #44
Iraq64 EPQ
P-8d Ghazi, 1/2 Dinar, Signature 7. 8004274-010 Kingdom Of Iraq Government Of Iraq
1/2 Dinar - Printer: BWC
IraqVF 25
P-9a Ghazi, 1 Dinar, Signature 3. 8003471-005 Kingdom Of Iraq
1 - Law Of #44
IraqF 15 NET
P-9b Ghazi, 1 Dinar, Signature 4. 8003542-003 Kingdom Of Iraq
1 - Printer: BWC
IraqVF 30
P-9c Ghazi, 1 Dinar, Signature 5. 8004457-001 Kingdom Of Iraq Government Of Iraq
1 - Printer: BWC
IraqVF 25 NET
P-9d Ghazi, 1 Dinar, Signature 6. 8003542-004 Kingdom Of Iraq
1 - Printer: BWC
IraqVF 25
P-9e Ghazi, 1 Dinar, Signature 7. 8004274-013 Kingdom Of Iraq Government Of Iraq
1 - Printer: BWC
IraqVF 25
P-10a Ghazi, 5 Dinars, Signature 6. 8006772-002 Iraq Government of Iraq
5 Dinars - Printer: BWC
IraqF 12 NET
P-10b Ghazi, 5 Dinars, Signature 7. 8013654-001 Iraq, Government of Iraq
5 Dinars - Printer: BWC
IraqVF 20 NET
P-11a Ghazi, 10 Dinars, Signature 6. 1729977-001 Iraq, Government of Iraq
10 Dinars - Printer: BWC
Iraq63
P-11b Ghazi, 10 Dinars, Signature 7. 8004880-001 Kingdom Of Iraq Government Of Iraq
10 Dinars - Printer: BWC
IraqVF 35 EPQ
P-12a Ghazi, 100 Dinars, Signature 5.  
P-12b Ghazi, 100 Dinars, Signature 7.  
P-13 Faisal II, 1/4 Dinar, Signature 8. 8005468-001 Iraq Government of Iraq
1/4 Dinar
IraqF 15 NET
P-14 Faisal II, 1/2 Dinar, Signature 8. 1534572-001 Iraq, Government of Iraq
1/2 Dinar
IraqVF 25 NET
P-15 Faisal II, 1 Dinar, Signature 8. 8002964-001 Kingdom Of Iraq
1 Dinar - Law Of #44
IraqXF 40
P-16a Faisal II, 1/4 Dinar, Signature 7. 8004274-004 Kingdom Of Iraq Government Of Iraq
1/4 Dinar - Printer: BWC
IraqXF 40 EPQ
P-16b Faisal II, 1/4 Dinar, Signature 9. 8004274-005 Kingdom Of Iraq Government Of Iraq
1/4 Dinar - Printer: BWC
IraqVF 25
P-16c Faisal II, 1/4 Dinar, Signature 10. 8004274-006 Kingdom Of Iraq Government Of Iraq
1/4 Dinar - Printer: BWC
IraqVF 25 NET
P-17a Faisal II, 1/2 Dinar, Signature 7. 8004274-011 Iraq Government of Iraq
1/2 Dinar - Printer: BWC
IraqVF 20 NET
P-17b Faisal II, 1/2 Dinar, Signature 10. 8003471-006 Kingdom Of Iraq Government Of Iraq
1/2 Dinar - Printer: BWC
IraqVF 35 EPQ
P-18a Faisal II, 1 Dinar, Signature 7. 8003471-007 Kingdom Of Iraq
1 Dinar
IraqXF 45 EPQ
P-18b Faisal II, 1 Dinar, Signature 9. 8003471-008 Kingdom Of Iraq
1 Dinar
IraqVF 30
P-19a Faisal II, 5 Dinars, Signature 7. 8003471-009 Kingdom Of Iraq
5 Dinars
IraqVF 20 NET
P-19b Faisal II, 5 Dinars, Signature 9. 1203568-002 Iraq Government of Iraq
5 Dinars - Printer: BWC
IraqVF 30
P-20a Faisal II, 10 Dinars, Signature 7. 8006772-003 Iraq Government of Iraq
10 Dinars - Printer: BWC
IraqVF 25 NET
P-20b Faisal II, 10 Dinars, Signature 9. 8009668-003 Iraq Government of Iraq
10 Dinars - Printer: BWC
IraqVF 25 NET
P-21a Faisal II, 100 Dinars, Signature 7.  
P-21b Faisal II, 100 Dinars, Signature 9.  
P-22 Faisal II, 1/4 Dinar, Signature 11. 8004274-017 Kingdom Of Iraq Government Of Iraq
1/4 Dinar - Printer: BWC
IraqVF 25
P-23 Faisal II, 1/2 Dinar, Signature 11. 8006772-004 Iraq Government of Iraq
1/2 Dinar - Printer: BWC
IraqVF 30 NET


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