Kuwait to issue new banknotes

[rocky808]

KUWAIT, June 10 (KUNA) ­­ The Central Bank of Kuwait (CBK) announced Monday that it will release new
currency notes with “modern and enhanced security features” to cope with latest counterfeiting challenges in the
printing industry.

“The CBK has decided to release new issue of Kuwaiti bank notes of all denominations to cope with the
developments to improve hallmarks, security features and paper quality,” CBK Governor Mohammad Al­Hashel
said in exclusive statements to KUNA Monday.

“The cabinet, upon a recommendation of the CBK, endorsed today the new issuance and the features and
design of the different notes,” marking “the sixth issuance of the Kuwaiti currency notes since 1961.” The unit
of currency in Kuwait is the Kuwaiti dinar, divided into one thousand fils, while notes are issued according to the
denominations of the quarter dinar, half dinar, one dinar, five dinars, 10 dinars and 20 dinars.

Al­Hashel pointed out that the CBK has started preparations for the printing and circulation of the new notes,
expecting that they will be on the market within a year with the current ones continuing to be curculated as they
are gradually withdrawn from the market.

The CBK Governor expressed confidence that the new banknotes will be to the liking of bankers and the public.
There have been five issues of Kuwaiti currency notes since the introduction of a state legal tender on the matter in 1961. The fifth and current issue was released in 1994.

 

 

 

http://www.kuna.net.kw/ArticleDetails.aspx?id=2316012&language=en

 

 

[deniscanada]

this article has come out at an interesting time .  Nothing is done by accident.

 

thanx rocky808    nice find

[gregp]

This comes at a very interesting time. Thank you.

[jeepguy]

now would that  be really interesting ---> if they were actually printing  { Iraqi dinars }  ... but like a few folks here  funny they are now taking steps to print notes with the security features,  { now we all hear , that the arabs are proud, and want to do better than their neighboring arabs, so if Kuwaiti folks print out new notes, I can just about guess , Iraq is about to hit the markets with it`s notes we have been hearing about, and with a value } just my own strange idea`s    

Edited June 15, 2013 by jeepguy

[sandfly]

YES IT IS

[staunch]

Would have been nice if this would have been a Iraqi headline

[Cynthia AH]

Things that make you say HHHHHMMMMMMM!!!!!!

[Jaxinjersey]

How refreshing to see a direct, straight-forward, unambiguous article on a country's policy and actions!   Why is it so hard for Iraq to present the same?   Perhaps because the "final" decision is still pending.  That's the kind of news we want to see, regardless of the decision... just real clarity!  I'll continue to wait for it... 

[SgtFuryUSCZ]

***///

 

These guys are real camel-traders.....

went for the good deal at the printers by tossing-in with the Iraqis for a cut rate on the batch run....

 

 

Thanks for a groovy post, ROCKY!

 

***///

Edited June 15, 2013 by SgtFuryUSCZ

[Sweet baby dinar]

This is not by accident, I m thinking its due to Iraqs next move

[MovieMaker]

You know what they say. "Timing is everything" 

[aliciadogz]

Something is up Folks to much going on.

[easyrider]

I agree with everyone else this is very suspect and the timing is no coincidence.

[jeepguy]

You know what they say. "Timing is everything" 

hahhahah  and I thought you might have said  " break a leg "     ....  due too the  theatrical aspect     

[uncirculd]

You know what they say. "Timing is everything" 

I'm inclined to agree.  This is odd, and the timing is odd.  But, I like it.