1/2 Dinar

Pick 68 covers the issue period spanning the opening years of the Iran-Iraq War, a conflict that placed enormous strain on Iraq's foreign currency reserves and forced the government to tighten import controls while simultaneously ramping up military expenditure. Small-denomination notes like this half-dinar remained in heavy everyday circulation throughout, absorbing the wear of a wartime economy that had little room for routine currency replacement.

The watermark is the sole security feature — no security thread, no fluorescent inks. For a central bank note of this period, that is notably sparse, reflecting either cost constraints or a judgment that low-value denominations weren't worth protecting against sophisticated forgery.