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50 000 Dinars
| Issuer | Central Bank of Iraq |
|---|---|
| Year | 2015-2023 |
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| Composition | Log in to see details |
| Size | 156 x 68 mm |
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| Obverse description | Central vignette presents a traditional water wheel (nooria) set on the Euphrates River, flanked by palm trees, with the Gali Ali Beg waterfall of Iraqi Kurdistan rendered in the background. The guilloche underprint is executed in multicolour tones, with the denomination numeral and Arabic legends positioned in the upper and lower registers. Security elements including a windowed security thread are integrated into the design. |
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| Protection type | Security thread, Watermark, Color-shifting ink |
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| Comments |
Iraq's transition to hybrid polymer-paper substrate for this high denomination was part of a broader post-2014 effort to harden the currency against the sophisticated counterfeiting operations that had proliferated during the ISIS territorial crisis. Giesecke+Devrient had supplied Iraqi banknotes since the post-Saddam reconstruction period, and the Leipzig plant's experience with hybrid substrates — combining a polymer core with paper-like outer layers — gave the Central Bank of Iraq a cost-effective middle path between full polymer and conventional cotton paper.
The P#103 series has run across multiple print dates without significant design revision, reflecting institutional preference for continuity during a prolonged period of economic and political instability.