1/4 Dinar

Iraq's quarter-dinar was part of the 1971–1973 series issued after the Ba'ath Party consolidated power following the 1968 coup — a period when the Central Bank was being deliberately repositioned as an instrument of state economic policy rather than an independent institution. Thomas De La Rue had printed Iraqi notes since the monarchy era, and the relationship continued uninterrupted through successive coups and republics, a quiet commercial continuity that the political turbulence around it never disrupted.

The watermark remains the primary security feature — no security thread in this issue.