50 000 Dinars

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.