Crisp Uncirculated Iraq 25,000 Dinar 2018 dated C.U. Red Note - Pick-102 - Pristine Condition

Iraq, 2018, Pick-102. 25,000 Dinars. Pristine Condition. Crisp Uncirculated Condition. On March 16, 1932, the Iraqi government issued its first banknotes in denominations of 1/4, 1/2, 1, 5, 10, and 100 dinars. These notes were printed by Bradbury, Wilkinson & Co. in the United Kingdom and were initially issued by the Iraqi currency board, being convertible into pound sterling until 1947. Afterward, the National Bank of Iraq took over the issuance until 1954, when the Central Bank of Iraq assumed responsibility. Production of 100 dinar notes ceased in the 1940s, but other denominations remained in use until 1978, when 25 dinar notes were introduced. In 1991, 50 dinar notes were added, followed by the reintroduction of the 100 dinar notes. In 1995, 250 dinar notes were introduced, and by 2002, a 10,000 dinar note was released.

From 1990 to October 2003, Iraqi banknotes, along with the 25-dinar note issued in 1986, prominently featured an idealized engraving of former President Saddam Hussein. Following the 1991 Gulf War, currency production shifted to local and Chinese printers, resulting in poor quality notes made from wood pulp paper instead of the usual cotton or linen. The notes featured substandard lithography, and some were even printed using newspaper presses, reflecting the degraded quality of currency production during that period.