2001 AND 2002 IRAQ BANKNOTES WITH SADDAM HUSSEIN

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SKU: 2001SADDAMHUSSEINBANKNOTES-WN Category:

Description

These two Iraqi banknotes are among the last printed with the portrait of Saddam Hussein. Released in 2001 and 2002 shortly before his downfall. The numbering is in Arabic.

The 25 Dinars note is from 2011 and the 10,000 dinars from 2002. Both notes bear the portrait of the Saddam Hussein who was sometimes referred to as, "the Butcher of Baghdad". 

Shortly before the fall of Saddam’s regime the largest ever denomination note of 10,000 Dinars was placed in circulation. Prior to this the largest available note was 250 dinars. In the ensuing conflict and eventual ousting of Saddam a large number of unofficial notes began to flood the market. the printing plates had gone missing and notes on poor quality paper using low grade inks were plentiful. These notes were referred to as the  "unofficial issues", but it was very hard to determine which was genuine and which was not. It transpires that almost all of the notes are unofficial and the genuine notes are really quite scarce.

Your chance to own 2 notes from the final days of of this period in Iraqi history is here.

Please check the photographs to assure yourself of the great quality and value this listing provides.

See the many lands of our World banknotes here for other great offers.

Additional information

SKU

Design

Country: Iraq

2 x original banknotes

2001 – 25 Dinars – Pick 86

The face of the note depicts Saddam Hussein and the reverse features Shenashils old Baghdad.

2002 – 10,000 Dinars – Pick 89 

The front of bears a portrait of Saddam and the Tomb of the Unknown Soldier. 

The reverse portrays Al-Mustansiriya University in Baghdad and a medieval Arabic astrolabe. 

Both note with the portrait of Saddam Hussein.

The front of bears a portrait of Saddam and the Tomb of the Unknown Soldier.

The reverse portrays Al-Mustansiriya University in Baghdad and a medieval Arabic astrolabe. 

 

History

Shortly before the fall of the Saddam regime a large denomination note of 10,000 Dinars was put into circulation. (Previously the largest value note had been 250 Dinars!) Following the overthrow of Saddam, quantities of these notes became available in the collectors’ market. There was much speculation surrounding these notes because it was known that most were forgeries, or at least “unofficial issues”, but it was very hard to determine which was genuine and which was not. It transpires that almost all of the notes are unofficial and the genuine notes are really quite scarce.

In the chaos following the invasion of the American, British and other forces, it seems that the original printing plates for these notes were stolen, as well as stocks of the genuine watermarked paper, and large quantities of unofficial notes began to flood the country. Because these notes were printed using the genuine plates and paper, there is little to tell them apart from the original, official issue.

The only real difference lies with the metallic strip which runs down the right hand side of the note. On the original notes this strip was affixed to the paper before the notes were printed, and therefore the red print at the top and bottom of the notes is visible on top of the foil. Conversely, when the unofficial notes were printed, the metallic strip was put on after the print process, thereby covering the print.

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