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** Kuwait to issue New currency by October 6th**

interesting timing...

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#1 easyrider


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Posted 16 September 2013 - 10:02 AM

آخر تحديث: الاثنين 11 ذو القعدة 1434هـ - 16 سبتمبر 2013م KSA 12:33 - GMT 09:33
Kuwait new currency of plastic and resistant to dust, heat
Like Canada, Australia .. Britain is moving to adopt the plastic material in the printing of the pound
Monday, 11 November 1434 e - September 16, 2013
 Rough paper currency for the new constituents of plastic materials 
Arabic. Net
Kuwait is preparing to convert its currency to the papers "plastic" polymer material, which is resistant to heat, humidity and dust, according to the British newspaper The Financial Times.

Kuwait will be among the few countries that adopted the quality of the leaves, like Canada, Australia and some other countries.

Australia was a pioneer in the adoption of that article in its securities almost 25 years ago, however, that some states began to follow the lead of the continent.

The Bank of England surveyed public opinion in a move to change the materials that make them the British currency paper, and converted to plastic, to maintain its current form.

And select the Central Bank then several advantages Securities plastic, particularly with regard to the difficulty of forgery and resistance to moisture and dust, what keeps it clean for a long time, as well as the ability of plastic to resist damage, what prolongs the life of the banknote is made of plastic material more than twice and a half times compared to those used Currently, along with low-cost of printing on plastic compared to the cards currently in use.

The British central to that drawn up plans to convert all categories of papers pound plastic currency gradually until the year 2016.

Moreover, the Kuwaiti newspaper Al Rai revealed that "Kuwait's central" contract with the company "De La Rue" to print plastic currency, the company that manufactures the new currency for countries that have adopted these materials.

If Kuwait finished print the new currency will be the first country to this quality depends on the level of the Gulf and the Middle East.

The previously announced the Governor of the Central Bank of Kuwait Dr. Mohamed الهاشل in last June for the decision of the Governing Council of the central bank issuing a new currency notes in the light of technological developments in the manufacture of printing banknotes, and what developments have taken place in the area of ​​improving signs and security specifications and quality of these securities.




Press Release: CBK Announces New Banknotes Issue (10/6/2013)

The Governor of the Central Bank of Kuwait (CBK) Dr. Mohammad Y. Al-Hashel announced that in its continued pursuit to implement best international central banking practices the CBK conducted an evaluation study for the current issue of banknotes, the 5th issue introduced in the year 1994. The study was initiated in light of the technological advances in the industry of banknotes printing and the improvements achieved in the signs and security specifications thereof.

The Governor added that, based on the findings of the study, the CBK has decided to introduce a new issue of the current banknotes categories to make use of the developments in the signs and security specifications and quality of the banknotes, as well as to keep pace with trends in international central banking in this regard.

The Governor clarified that, in implementation of this project, the CBK has commenced the necessary actions stated in the provisions of CBK Law No. (32) of the year 1968 concerning Currency, the Central Bank of Kuwait, and the Organization of Banking Business and its amendments. He pointed out that, following the recommendation of CBK's Board of Directors, the Council of Ministers has approved in its session held today (June. 10. 2013), the proposed new currency issue including the specifications, shape and design of the banknotes' categories.

With respect to the procedures taken in this regard, the Governor explained that the CBK has already initiated the implementation of the project indicating that:

The proposed new currency issue shall encompass the same current banknotes' categories without any amendment or additions.

Usage of the current banknotes shall run in parallel with the new banknotes until withdrawal of current banknotes is completed in accordance with the articles of the CBK Law.

Implementation of this project shall take one year to introduce the new issue in circulation since procedures need to be taken relating to the new banknotes production.

During the year ahead, the CBK shall launch a wide media campaign to introduce to the public the new banknotes, their specifications and security signs along with other related matters.

The Governor concluded the statement by asserting CBK's consistent determination on following best practices of international central banking, expressing his conviction that the new issue will be well-received and approved by the public and all concerned authorities.


Edited by easyrider, 16 September 2013 - 10:03 AM.

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#2 ScaryMary


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Posted 16 September 2013 - 10:07 AM

Oh yeah!!! Go baby, go.
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#3 SgtFuryUSCZ


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Posted 16 September 2013 - 10:25 AM



And not to be outdone - the evil maliki announces the revaluation of Iraq's Dinar at a value greater than the

Kuwaiti Dinar on it's rubbery little notes, hence - establishing his one-come-uppance of Kuwait.


(really, he IS that petty !) :lol:

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#4 pluMmet


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Posted 16 September 2013 - 10:57 AM



And not to be outdone - the evil maliki announces the revaluation of Iraq's Dinar at a value greater than the

Kuwaiti Dinar on it's rubbery little notes, hence - establishing his one-come-uppance of Kuwait.


(really, he IS that petty !) :lol:


You are joking?


If not when did he announce this?


Did I miss it?

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#5 SgtFuryUSCZ


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Posted 16 September 2013 - 11:01 AM

You are joking?



Of course we are !  


Just wishful thinking that the evil maliki's pettiness will get the best of him and he'll have to

try to trump Kuwait's big deal....


He hates Kuwait.  They always make him look as inconsequential & ridiculous as Barzani & The Kurds do. :P


Really chafes at the little potato head, too ! :lol: So he goes cryin' to the Iranians for solace. Boo-hoo!

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