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Description
One of the most important developments in Iraq since the 1958 overthrow of the Hashemite monarchy was the nationalization of the Iraqi Petroleum Company on 1 June 1972. The nationalization of the IPC was the culmination of a long-standing power struggle between the IPC and the Iraqi Ba'athist government.
Obverse
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Oil rig divides dates. ١٣٩٣ ١٩٧٣ |
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Reverse
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Value in Arabic in a central circle with lettering, date in Syriac and legend "Anniversary of the liberation of the oil from the foreign monopolies" below and the country name above. الجمهورية العراقية |
| Edge |
500 Fils
KM# 139 Schön# 45
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