Spotted the notice above at my local Sultan Center. Kinda seems a bit too soon to start not accepting old currency since it’s barely been a year since the new ones were introduced.
Update: According to the Central Bank of Kuwait website, the old currency (5th issue) will no longer be accepted anywhere starting October 1st. After that date you’ll have until April 2025 to exchange your old currency for the new one by visiting the CBK Banking Hall. [Link]
20 replies on “Old Currency No Longer Accepted”
You know whats ridiculous Mark? The 5th issue of the Kuwaiti currency will lose legal tender by the end of the banking hours on Thursday, October 1st. So I am not sure how the Sultan Center has made this decision.
So starting October 1st if we have any old currency they won’t be usable? Cuz I’m still getting old currency from places.
I just checked my wallet and I have a 250fils and 500fils that are old. October 1st seems too soon to stop the old currency, I’m sure if I have old currency on me so do other people. My uneducated guess is they’ll extend the deadline past October 1st.
Yup, that’s exactly what will happen. If you have the old notes, I believe you can exchange them. And I personally would request the merchant to give me new notes and not old ones.
HI MY DEARS ANY ONE HLELP ME I HAVE KUWAIT OLD currenc HOW TO CHANGE PLES HELP ME ANY ONE HELP ME PLES
ANY ONE GIVE ME REPLAY PLES
Because the old Kuwaiti paper currency will not be accepted, officially, after 1st of October, 2015
CBK will replace the old with new until April 2025.
So any old notes I have beyond 1st October, I can exchange with new by walking into a CBK?
Yep
damn my comment was supposed to here not down there
Mark Please correct me if i am wrong CBK is used for commercial bank and here you mean Central bank. Do both the banks use same acronym??
I guess
lol nope, not a CBK as in Commercial Bank of Kuwait – the CBK – Central Bank of Kuwait.
Note the difference.
Pun intended.
yes and they mean Central bank
I’m confused….How can a note that was once ‘legal tender’ no longer be accepted as a payment? If it was produced by the local government as legal tender (and is part of the global money market); it’s legal tender!
Global money markets involve electronic money transfers and have nothing to do with the currency as issued. It’s really common for loads of countries to change their currencies locally issued.
Has happened in UK many times and, yes, the older currency eventually is not legal tender (old 5 pound notes for example).
The old currency is valid for exchange till End Sept and it is valid currency till 2025. In legal terms, no one can refuse to accept till End Sept. I am surprised to learn that a reputed retailer is openly posting such notice. Some one can sue them.
Where I can exchange old 20 dinar?
How to exchange old KD Banknotes (Fifth Edition) from outside Kuwait?
Thanks in advance.
I have some money from 3rd edition, is it possible to exchange it, will CBK except it?