Home About Kuna Advertise إتصل بنا Kuna's Bureaus Services Term Of Use
Register Login
facebook Twitter Youtube rss
Kuwait's Al-Abdulrazzaq comes second in world jet ski event      French film "Dheepan" wins Cannes' Palme d'Or      Int'l coalition launches 28 airstrikes on ISIL in Syria, Iraq      Kuwait loses to Uruguay 7-10 in water polo tourney      Renovated Salalah Airport to open in June      KSE benchmark falls in early trades      M 5.6 quake hits Tokyo area, no injuries      UN condemns killing of Burundi opposition party leader
New Kuwaiti banknotes due to appear on Sunday designed on bases of beauty, safety
28/06/2014   |   01:01 PM | Kuwait News
تصغير الخطالشكل الأساسيتكبير الخط
The 6th edition of Kuwaiti currency
The 6th edition of Kuwaiti currency

KUWAIT, June 28 (KUNA) -- The Central Bank of Kuwait (CBK) will put into circulation on Sunday the sixth edition of the Kuwaiti currency, coinciding with advent of the holy month of Ramadan.
Kuwait flag is a main feature of the new bills, in affirmation of the national identity. Each paper shows the Kuwaiti desert and marine environments, along with historic sites namely Failaka island, the first minted coin bearing the name of Kuwait and heritage sites such the old Kuwaiti gate and industrial potentials and zones, including an oil tanker and a refinery.
The newly-released papers bear other features, namely the dhows, the pearl diving, along with landmark structures including Seif Palace, the National Assembly building, the Kuwait Towers, the Liberation Tower, the Grand Mosque and the Central Bank of Kuwait headquarters.
Each banknote is distinguished with different drawings and ornaments; some are coarse so blind people can identify value of the bill by touching. Background of the miniature pictures depict Islamic heritage and the Kuwaiti genuine identity.
Currently used banknotes will remain valid till an official decision is taken to withdraw them.
From a historic perspective, banknotes and coins have been in circulation in Kuwait since more than 200 years before B.C. This theory has been substantiated with discovery of silver and copper coins, with engravings of head of Alexander the Great, on Failaka island. Other coins dating back to the times of the Seleucids Kingdom have been discovered on the same island.
In later times, namely in 1753, when the Kuwaitis settled in the country and chose Sheikh Sabah I as their ruler, the natives sensed the need for coins for trade dealings. The first was called "taweelat Al-Hasa," resembling hair clips. It was in circulation in Al-Ihsaa a long time before Kuwait was founded and later it was brought in for trading till 1790 when the Austrian Riyal became the trading currency.
Several other coins, such as the Persian currency, the Ottoman Gold Lira and other little known ones, named "Al-Sharkhi, Abu Dbailah and Al-Shahiah, had been traded in Kuwait in the old times.
When the natives developed their businesses, sailing to far countries such as India, and expanding the craft of pearl-diving, the Indian Rupee became the dominant currency.
The Kuwaitis were aware of the necessity to issue a national currency of international standards. In 1959, the Indian Government said in an official announcement that it was incurring heavy losses due to exportation of huge volumes of the Indian money to the Arabian Gulf countries. In an attempt to tackle this problem, New Delhi issued a different series of the currency for circulation in Kuwait and the Gulf. This step had nudged the natives of Kuwait to issue a national currency.
On October 10th, 1960, an Amiri Decree was issued declaring that the dinar will be the basic denomination of the Kuwaiti currency, and accordingly, the Kuwaiti Monetary Council was set up, tasked with releasing the national currency. In April the same year, the Kuwaiti dinar was officially put into circulation.
This paper money was divided into five denominations; the 10 dinars, five dinars, one dinar, half a dinar and quarter a dinar. It bore miniature picture of (the late) His Highness the Amir Sheikh Abdullah Al-Salem Al-Sabah, along with key national facilities such as Al-Shuwaikh high school, a major cement factory and Kuwait Port.
Second edition of the Kuwaiti money was on November 17, 1970, and the third was on February 20, 1980.
Following the 1990 Iraqi aggression and the occupiers' burglary of huge funds of the Kuwaiti banknotes deposited at the Central Bank of Kuwait, the legitimate Kuwaiti authorities during the occupation declared the Kuwaiti money in circulation was invalid, replacing the monetary units with the fourth edition of the Kuwaiti bills.
The fifth issuance of the Kuwaiti banknotes was launched on April 3, 1994, with features designed to make counterfeiting impossible.
The sixth edition, effectively scheduled on Sunday, takes into consideration decoration beauty and safety, along with the drawings that reflect the country's history, culture and heritage. (end) aha.tb.rk

The 6th edition of Kuwaiti currency
The 6th edition of Kuwaiti currency
One Kuwaiti dinars of the new 6th edition
One Kuwaiti dinars of the new 6th edition
Five Kuwaiti dinars of the new 6th edition
Five Kuwaiti dinars of the new 6th edition
10 Kuwaiti dinars of the new 6th edition
10 Kuwaiti dinars of the new 6th edition
Th 6th edition of Kuwaiti currency
Th 6th edition of Kuwaiti currency
Five Kuwaiti dinars of the 5th edition
Five Kuwaiti dinars of the 5th edition
Five Kuwaiti dinars of the 4th edition
Five Kuwaiti dinars of the 4th edition
One Kuwaiti dinars of the 3rd edition
One Kuwaiti dinars of the 3rd edition
Quarter of a Kuwaiti dinar of the 2nd edtion
Quarter of a Kuwaiti dinar of the 2nd edtion
10 Kuwaiti dinars of the 1st edition
10 Kuwaiti dinars of the 1st edition
Honoring Kuwait 2014

KUNA publishes a book titled (His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah: A Humanitarian Leader) to commemorate the UN honoring of Kuwait's leader

kuna magazien

Most Read Most Emailed  
1.   Ex-parliament chief Al-Kharafi passes away aged 75
2.   Rocket attack from Yemen kills one, injures two in Saudi Arabia
3.   Russian, US officials discuss Ukraine
4.   EU condemns restrictions on Crimean Tatars
5.   Russia says doesn't want to partition E. Ukraine
6.   OCA cancels Sri Lanka's hosting of Asian Youth Games 2017
    Photo Gallery

Head of the mission of the International Committee of the Red Cross to the GCC Yahya Al-Eleibi

Director of the department of follow-up work and coordination at the ministry of foreign affairs ambassador Nasser Al-Sabeeh

Minister of Labor and Social Affairs and State Minister for Planning and Development Hind Al-Sabeeh

Deputy director of GCC department affairs at Kuwait's Foreign Ministry Abdullah Mohammad Al-Mawed

Chairman of the Board and Director General of Kuwait News Agency (KUNA) Sheikh Mubarak Al-Duaij Al-Ibrahim Al-Sabah

Jordanian King Abdullah II

Former National Assembly Speaker Jassem Al-Kharafi mediates His Highness Sheikh Jaber Al-Ahmad Al-Sabah and Sheikh Saad Al-Abdullah Al-Sabah

Former National Assembly Speaker Jassem Al-Kharafi and His Highness Sheikh Jaber Al-Ahmad Al-Sabah at the opening AL-Khairan Park

Former speaker of the Kuwaiti National Assembly Jassem Al-Kharafi

Foreign Minister Igor Crnadak with the Kuwait Ambassador to Bosnia-Herzegovina, Nasser al-Mutairi

Kuwait's Minister of Information and Minister of State for Youth Affairs Sheikh Salman Sabah Al-Salem Al-Humoud Al-Sabah

Ambassador of the United States of America to the State of Kuwait Douglas A. Silliman

Kuwait's National Assembly Speaker Marzouq Al-Ghanim

Deputy Prime Minister and Defense Minister Sheikh Khaled Al-Jarrah Al-Sabah

National Assembly Speaker Marzouq Al-Ghanim

The KOC's CEO Eng. Mohammad Al-Mutairi

Baitak Capital CEO Abdulaziz Al-Marzouq

Mashaer Holding Comnapy CEO Jassem Al-Awadhi

German Foreign Minister Frank-Walter Steinmeier

Kuwait's Minister of Health Dr. Ali Al-Obaidi

About Kuna
Contact Us
Kuna's Bureaus
Term Of Use
Read The Whole Newscast
Pictures (during the week)
FTP Service
KUNA training center
KUNA Reader
SMS Services
الكويت فى ذاكرة الأيام
Images 2014
Job Application
Arab News Agencies
International News Agencies
Governmental Institutes
Banks in Kuwait
News Paper
Local Companies
other useful links
Prayer Times
News Archive
Other News Services
Today In Kuwait's History
Training Sessions
All KUNA right are reserved © 2012. This site is designed and published by IDS