Tag: currency

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]

The video below has been circulating whatsapp showing two KD20 notes, one original while the other counterfeit. The video looks like it was taken at a bank and the lady shooting the video puts the two notes under a UV light revealing the difference. My guess is people are probably printing the money on their home printers hoping the lack of some peoples experience handling the new currency might fool them into accepting the counterfeit.

[YouTube]

Uwe is a well known photographer in the local advertising scene and he’s lived in Kuwait since 1983. I’ve known him for a few years and awhile back when I posted about the new Kuwaiti currency he emailed me a very interesting story regarding the photo of the Court Complex on the back of the old KD20 bank note which I thought was interesting to share. This is what he told me:

Shortly before the invasion I was contracted to photograph the Court Complex which was to be used as part of the design on the soon to be introduced KD20 bank note. I headed to the Court Complex on a Friday morning with someone from the Central Bank to shoot the building. We parked our Toyota 4-Runner on the side and I got up on top of it with my camera and tripod to take photos. A short while after two police cars with sirens on showed up and told me to get down from the roof of the car. They asked us what we were doing and when we told them they asked for our permission papers. THe person who was with me from the Central Bank had forgotten to bring the permission papers with him so the police took me into the court house and held me there until the person went and fetched the permission slip and came back. It took him 7 hours to bring that paper! From then on whenever I look at the KD20 note I remember that messed up Friday.

On a side note, why does the Central Bank of Kuwait website ask you if you want to visit their old website or their new one? Why not just automatically load the new one?

BBC have an article and a short video report on De La Rue, the company that designed and printed the new Kuwaiti Dinars. In the video below the reporter is at the factory while they’re printing the Kuwaiti Dinars and you get to see her hold an uncut sheet of the notes as well as discuss the currency a bit with an employee. Check out the video below and then the article [Here]

Thanks Neil

Yesterday the Central Bank of Kuwait introduced the new banknotes at a press event and now the presentation that was shared at that event is available online for everyone to watch. The presentation is in Arabic and talks about the reasons why the new banknotes were introduced, the images that were chosen for each banknote and the new security features amongst other things. The new banknotes will be officially launched next month on June 29th. Check out the full presentation below.

[YouTube]

A few hours ago the Central Bank of Kuwait revealed the new design of the Kuwaiti currency and a few moments ago I obtained the official images of the currency. The new Kuwaiti Dinars were designed by the famous De La Rue company in the UK. They’ve been around since 1821 and they sell high-security paper and printing technology for over 150 national currencies around the world. The new notes have plastic polymer in them making them difficult to tear as well as making them a lot more durable for day to day use.

I love the new designs and can’t wait till they go into circulation in the next couple of months. My only criticism is the lack of a KD50 note, KD20 just isn’t large enough today. Check out all the notes below.

Thanks Patrick

The Central Bank of Kuwait just released images of the newly designed Kuwaiti Dinars at a press conference a short while ago. The photo above is taken from the video presentation and clearly shows the new designs. First impression, I like them.

Thanks Asrar

Update: Another friend just sent me the below images of the new currency.

Thanks Mana3ee

The image of the note above has been circulating on whatsapp and instagram as the new KD1 bank note that will be released at the start of Ramadan. The problem is the image thats circulating is not the new banknote, it’s actually a commemorative banknote issued back in 2001 on the 10th anniversary of Liberation Day. For details on this banknote and others visit the Central Bank of Kuwait website [Here]

As you probably are aware, Kuwait will be introducing new banknotes this summer. I did some digging around and with the help of a very reliable source managed to get you guys a sneak peek of the new KD20 bank note which you can see above. I will post the rest of the bank notes as soon as I get them.