Kuwaiti dinar


Retrieved 6 July

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On the obverse is a boom ship , with year of minting in both Islamic and Common Era in Arabic. Unlike many other Middle Eastern currencies, Kuwait has a coin worth 0. The first series was issued following the pronouncement of the Kuwaiti Currency Law in , which established the Kuwaiti Currency Board.

A 20 dinars banknote was introduced later on 9 February As a result of the state of emergency after the Invasion of Kuwait , this series was ruled invalid with effect from 30 September Significant quantities of these notes were stolen by Iraqi forces and some had appeared on the international numismatic market.

Pick, Krause Publications lists notes with the following serial number prefix denominators as being among those stolen:. After the liberation, a fourth series was issued on 24 March with the aims of replacing the previous withdrawn series as quickly as possible and guaranteeing the country's swift economic recovery. This fourth series was legal tender until 16 February The fifth series of Kuwaiti banknotes were in use from 3 April and included high-tech security measures which have now become standard for banknotes.

Denominations were as in the fourth series. Central Bank of Kuwait brought the sixth series of Kuwaiti banknotes into circulation on 29 June In both and , the Central Bank of Kuwait issued commemorative 1-dinar polymer banknotes to celebrate its Liberation from Iraq. The first commemorative note, dated 26 February , was issued to celebrate the second anniversary of its Liberation.

The front features the map of the State of Kuwait, the emblem of Kuwait and on the left and right side of the note is the list of nations that assisted in its Liberation, in both English and Arabic. One feature from the note is an optically variable device OVD patch that shows a fingerprint, a reference to the victims of the invasion and occupation of Kuwait.

From 18 March to 4 January , the dinar was pegged to a weighted currency basket. It is the world's highest-valued currency unit. From Wikipedia, the free encyclopedia. For other uses, see KWD disambiguation. British currency in the Middle East. Retrieved 14 June Retrieved 6 July Retrieved 20 March Retrieved on 11 February