In 1971, Iraq issued a striking set of five stamps to mark the 30th anniversary of Rafidain Bank, the nation’s leading financial institution. This set, showcasing the bank’s emblem, reflects the central role Rafidain Bank played in Iraq’s economic and financial development.
The Importance of Rafidain Bank
Established in 1941, Rafidain Bank grew to become a cornerstone of Iraq’s banking sector, facilitating economic growth, investment, and public finance. By 1971, its 30th anniversary was an occasion to celebrate its significant contributions to the nation’s progress and prosperity.
This commemorative stamp set highlights the bank’s emblem—a symbol of trust, economic strength, and stability—encapsulating its enduring legacy.
The Stamp Set
The set consists of five multicoloured stamps, issued in two distinct sizes with vibrant, intricate designs featuring the Rafidain Bank emblem. These stamps are not only visually appealing but also philatelic treasures for collectors.
- 10 Fils (Catalogue #989)
- Details: Circular design with a size of 34×34 mm, perforation 13½.
- Value: £1.20 unused, £1.20 used.
- 15 Fils (Catalogue #990)
- Details: Same size and perforation as the 10 Fils stamp.
- Value: £1.90 unused, £1.80 used.
- 25 Fils (Catalogue #991)
- Details: 34×34 mm, perforation 13½.
- Value: £3.75 unused, £3.75 used.
- 65 Fils (Catalogue #992)
- Details: Larger circular design with a size of 42×42 mm, perforation 14.
- Value: £19.00 unused, £15.00 used.
- 250 Fils (Catalogue #993)
- Details: The largest and most impressive stamp of the set, measuring 42×42 mm with perforation 14.
- Value: £48.00 unused, £43.00 used.
Unique Features
- Perforations: The stamps exhibit perforations around the circular centre of the design, adding a unique touch to the set.
- Printing: High-quality photo lithography ensures the emblem’s detailed artwork stands out beautifully.
Collectors’ Insight
The full set (Catalogue #989-993) is highly sought after by philatelists for its historical significance and stunning design. It is valued at £65.00 unused and £60.00 used, making it a prized addition to any collection.
Why This Set Is Important
This commemorative issue captures a pivotal moment in Iraq’s financial history, celebrating an institution that played a critical role in shaping the nation’s economy. The Rafidain Bank stamp set is a vibrant testament to Iraq’s progress and a reminder of the bank’s enduring legacy.
Do you have this set in your collection, or have you seen similar banking-themed commemorative stamps from other nations? Share your thoughts and experiences in the comments below! Don’t forget to subscribe to stay updated on more stories from the world of stamps and postal history.