دينار كويتي: تاريخه من 1970 حتى الآن

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A dynamic street scene of men exchanging money in a busy Amman market, captured in black and white.
Credit: pexels.com, A dynamic street scene of men exchanging money in a busy Amman market, captured in black and white.

The Kuwaiti Dinar has a rich history that spans over five decades. In 1960, Kuwait's currency was pegged to the British Pound at a rate of 1 GBP = 7.5 KWD.

The Kuwaiti Dinar was introduced in 1961 to replace the Gulf Rupee, which was widely used in the region. This change aimed to strengthen Kuwait's economy and reduce dependence on the British Pound.

The first Kuwaiti Dinar banknotes were issued in 1961, featuring designs that reflected the country's heritage and culture. These early banknotes were a significant milestone in Kuwait's history, marking the beginning of a new era for the country's economy.

The Kuwaiti Dinar has since become one of the most stable and widely traded currencies in the world, with a fixed exchange rate to the US Dollar since 2007.

History of Kuwaiti Dinar

The Kuwaiti Dinar has a rich history that dates back to the first issue of its currency. The first edition of Kuwaiti currency featured a unique design, with one side bearing the image of Sheikh Abdullah Al-Salem Al-Sabah, the then Amir of Kuwait.

A dynamic street scene of men exchanging money in a busy Amman market, captured in black and white.
Credit: pexels.com, A dynamic street scene of men exchanging money in a busy Amman market, captured in black and white.

On the other side, various symbols of Kuwait's growth and development were depicted. For example, the Mina Al-Shuwaikh, a major port in Kuwait, was featured on the quarter dinar note. Similarly, the Al-Shuwaikh High School appeared on the half dinar note.

The first edition of Kuwaiti currency also included images of important national landmarks, such as the cement factory and the government-built homes for low-income families.

Kuwaiti Dinar Types

The Kuwaiti Dinar comes in various types, each with its own unique characteristics. The quarter dinar, half dinar, and 20 dinar are all part of the Kuwaiti Dinar types.

The dimensions of these notes are as follows: the quarter dinar is 3 inches by 5 inches, the half dinar is 3 inches by 5.5 inches, the 1 dinar is 3 inches by 6 inches, the 5 dinars is 3 inches by 6.5 inches, the 10 dinars is 3 inches by 7 inches, and the 20 dinars is 3 inches by 7.5 inches.

These notes were introduced in 1961, and have undergone changes over the years, with the second issue introduced in 1970 featuring a new design and smaller size.

العملات الورقية المتداولة

Close-up of a hand holding Jordanian dinar bills with a blurred background, highlighting currency exchange.
Credit: pexels.com, Close-up of a hand holding Jordanian dinar bills with a blurred background, highlighting currency exchange.

The Kuwaiti dinar has several denominations of banknotes that are widely used.

The smallest denomination is the quarter dinar, which measures 3 inches in length and 5 inches in width.

You can easily identify the different denominations by their sizes, as they all have the same length of 3 inches.

Here's a list of the different banknote denominations, along with their widths:

The Kuwaiti government has also issued commemorative coins, with the first official commemorative coin being introduced in 1961.

ثاني

The second edition of the Kuwaiti Dinar was introduced in 1970, after the first edition featuring Sheikh Abdullah Al-Salem Al-Sabah had been in circulation for some time.

This new edition was smaller in size and featured Sheikh Sabah Al-Salem Al-Sabah, the then Amir of Kuwait, on the front. The signatures of Minister of Finance Abdul-Rahman Al-Atiqi and Central Bank Governor Hamza Abbas were also included.

The second edition replaced the currency issued by the Kuwaiti Monetary Council in 1961 and was gradually phased in to replace the existing notes.

Kuwaiti Dinar Series

Person Holding Banknotes
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The Kuwaiti Dinar Series has undergone several changes since its introduction in 1961. The first series was followed by the second series in 1970, which was smaller in size and featured the image of Sheikh Sabah Al-Salem Al-Sabah, the then Emir of Kuwait.

The second series was in circulation until 1980, when the third series was introduced. This series featured a new design, with the image of Sheikh Jaber Al-Ahmad Al-Sabah, the then Emir of Kuwait, replaced by the Kuwaiti coat of arms. The third series also introduced a new denomination, the 20 Kuwaiti Dinar note, which featured a picture of Seif Palace and a dhow ship.

Here is a list of the Kuwaiti Dinar series:

The Kuwaiti Dinar series has undergone significant changes over the years, with new designs and features being introduced to keep up with the country's growth and development.

(1970–1980)

The second series of the Kuwaiti Dinar was introduced in 1970 and lasted until 1980. This series saw some changes in the design and size of the currency.

Ataturk on Turkish Money
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The second series of the Kuwaiti Dinar was introduced on November 17, 1970, by the Central Bank of Kuwait. The new series had the same denominations as the previous one but with smaller sizes.

The new series featured a new design with the picture of Sheikh Sabah Al-Salem Al-Sabah, the Emir of Kuwait at that time, and the signatures of the Minister of Finance, Abdul Rahman Al-Atiqi, and the Governor of the Central Bank, Hamza Abbas.

The new series replaced the old series of 1961 with the introduction of new denominations, including the 10 dinars, 0.5 dinars, and 0.25 dinars. These new denominations were introduced on November 17, 1970.

The 5 dinars and 1 dinar denominations were introduced on April 20, 1971.

ثالث (1980–1991)

The third series of Kuwaiti dinar, introduced in 1980, marked a significant change in the country's currency design. This new series featured a new design, with the Kuwaiti state emblem replacing the portrait of the ruler on the notes.

50 Euro Banknote Beside Black Calculator
Credit: pexels.com, 50 Euro Banknote Beside Black Calculator

The new series was launched on February 20, 1980, and included denominations of 1/4, 1/2, 1, 5, and 10 Kuwaiti dinars. The notes had a unique design, with the state emblem and the signatures of the Minister of Finance and the Governor of the Central Bank of Kuwait on one side, and a picture of a gas processing plant, a port, a palace, a castle, or a Kuwaiti sailboat on the other.

The design of the new series was similar to the previous one, with subtle changes in color. However, one notable change was the introduction of a new denomination, the 20 Kuwaiti dinar note, which was introduced on February 9, 1986.

In 1990, during the Iraqi invasion of Kuwait, the Central Bank of Kuwait was looted, and some notes from the third series were stolen. In response, the Kuwaiti government issued a decree on October 7, 1990, stating that it would not honor the value of the stolen notes.

The third series of Kuwaiti dinar was in circulation from 1980 to 1991, with some notes still valid for exchange until 1992.

الاصدار الرابع

Collection of Jordanian dinar banknotes arranged on a wooden surface, showcasing currency design.
Credit: pexels.com, Collection of Jordanian dinar banknotes arranged on a wooden surface, showcasing currency design.

The fourth series of the Kuwaiti Dinar was introduced in 1991, just two months after Kuwait's liberation from the Iraqi invasion.

It was a new edition, but with some key differences from the previous one. The colors were significantly different, and the signature of the Minister of Finance, Ali Al-Khaliifa Al-Sabah, replaced that of his predecessor, Jassim Al-Kharafi.

The signature of the Central Bank Governor remained unchanged. All the standard denominations were included in this series, and the process of replacing old currency with new ones began at the same time, except for the denominations that were withdrawn by the Central Bank of Kuwait during the invasion.

Many Kuwaitis who stayed in the country during the invasion lost a significant amount of money because they were using Kuwaiti Dinars instead of the Iraqi Dinar imposed by the Iraqi regime.

2014–Until Now

The sixth series of Kuwaiti banknotes was introduced on June 29, 2014, with the Central Bank of Kuwait bringing the new notes into circulation. This series features a unique design element for the visually impaired, with some notes having a coarse texture that can be identified by touch.

The sixth series includes notes in denominations of 1/4, 1/2, 1, 5, 10, and 20 Kuwaiti dinars. Each note has a distinct design and color scheme, with the 1/4 dinar note featuring a brown color and a Liberation Tower and a dhow ship on the reverse side.

Credit: youtube.com, Kuwait Banknote - Sixth Issue Security Features - 2014

The 1/2 dinar note is green and features Kuwait Towers and a dhow ship on the reverse side. The 1 dinar note is grey and features The Grand Mosque, a bateel dhow ship on the reverse side.

The sixth series also features advanced security features, including a unique texture and a hologram that appears when the note is tilted.

Here is a summary of the sixth series of Kuwaiti banknotes:

The sixth series of Kuwaiti banknotes was a significant upgrade to the previous series, with improved security features and a more modern design.

Coins

The Kuwaiti dinar has a unique coin system, which was introduced in 1961 and has remained largely unchanged since then. The design of all coins features a boom ship on the obverse side, with the year of minting in both Islamic and Common Era in Arabic.

The 1 fils coin was the smallest denomination and was last minted in 2014. It measured 17 mm in diameter and weighed 2 grams.

A vibrant display of Turkish coins alongside a traditional tea cup in Istanbul.
Credit: pexels.com, A vibrant display of Turkish coins alongside a traditional tea cup in Istanbul.

The 5 fils coin, on the other hand, is made of nickel-brass, but was later changed to brass-plated steel starting in 2012. It measures 19.5 mm in diameter and weighs 2.5 grams.

The 10 fils coin is also made of nickel-brass, but was later changed to brass-plated steel starting in 2012. It measures 21 mm in diameter and weighs 3.75 grams.

Here's a summary of the different coins and their characteristics:

Banknotes

The Kuwaiti dinar has undergone several series of banknotes since its introduction. Six series of the Kuwaiti dinar banknote have been printed.

The first series of banknotes was introduced in 1961, and it was used until August 2, 1990. The currency was replaced by the Iraqi dinar after the Iraqi invasion of Kuwait.

The second series of banknotes was introduced in 1970 and was used until 1980. This series featured a picture of Sheikh Abdullah Salem Al-Sabah on the front and a picture of a traditional Kuwaiti scene on the back.

Close-Up Photo Of Person Holding Banknote
Credit: pexels.com, Close-Up Photo Of Person Holding Banknote

The third series of banknotes was introduced in 1980 and was used until 1991. This series featured a picture of the Kuwaiti coat of arms on the front and a picture of a traditional Kuwaiti scene on the back.

The fourth series of banknotes was introduced in 1991 and was used until 2014. This series featured a picture of Sheikh Jaber Al-Ahmad Al-Sabah on the front and a picture of a traditional Kuwaiti scene on the back.

The fifth series of banknotes was introduced in 1994 and was used until 2014. This series featured a picture of a Kuwaiti heritage site on the front and a picture of a modern Kuwaiti scene on the back.

Here are the details of the fifth series of banknotes:

  • ربع دينار: اللون الرئيسي: البُني (الوجة: الصدر الكويتي، سفينة المُهلب)
  • نصف دينار: اللون الرئيسي: الأخضر الداكن (الوجة: دلة قهوة، أكشاك الصيارفة)
  • دينار واحد: اللون الرئيسي: الأزرق المخضر (الوجة: مصباح النفط التقليدي، أبراج الكويت)
  • خمسة دنانير: اللون الرئيسي: الزهري (الوجة: الرحاء الكويتي، برج التحرير)
  • عشرة دنانير: اللون الرئيسي: الأحمر الداكن (الوجة: الدلو، المسجد الكبير بالكويت)
  • عشرون دينارًا: اللون الرئيسي: الأخضر الفاتح (الوجة: مدفع القصر الأحمر، منظر للقصر الأحمر)

Currency Exchange

The Kuwaiti Dinar's exchange rate is quite complex, but I'll break it down simply for you. The Central Bank of Egypt lists the exchange rate of the Kuwaiti Dinar as 160.40-160.93 Egyptian Pounds.

Man Holding a Banknote
Credit: pexels.com, Man Holding a Banknote

You can also check the exchange rates at various banks in Egypt, such as Ahli United Bank, which offers a rate of 159.70-160.81 Egyptian Pounds. Other banks like National Bank of Egypt and Commercial International Bank (CIB) also list their exchange rates, ranging from 160.07-160.81 and 157.50-160.77 Egyptian Pounds, respectively.

Here's a comparison of the exchange rates at different banks in Egypt:

  • Bank
  • Buy Rate (EGP)
  • Sell Rate (EGP)
  • Central Bank of Egypt
  • 160.40
  • 160.93
  • Ahli United Bank
  • 159.70
  • 160.81
  • National Bank of Egypt
  • 160.07
  • 160.81
  • Commercial International Bank (CIB)
  • 157.50
  • 160.77
  • Alexandria Bank
  • 155.14
  • 160.89

سعر 100 مقابل الجنيه المصري

If you're looking to exchange 100 Kuwaiti dinars for Egyptian pounds, you'll want to know the current exchange rates. The Central Bank of Egypt lists the buying price of Kuwaiti dinar at 160.40 pounds and the selling price at 160.93 pounds.

The exchange rates vary slightly between banks, but the difference is usually minimal. For example, the National Bank of Egypt lists the buying price at 160.07 pounds and the selling price at 160.81 pounds.

Some banks, like CIB, offer more competitive rates. They list the buying price at 157.50 pounds and the selling price at 160.77 pounds. If you're looking to save some money on your exchange, it might be worth checking their rates.

Here's a summary of the exchange rates from some major banks:

Keep in mind that these rates are subject to change, so it's always a good idea to check the current rates before making an exchange.

سعر الصرف

Credit: youtube.com, Currency Exchange Rates - How To Convert Currency

The exchange rate of the Kuwaiti Dinar (KD) against the Egyptian Pound (EGP) can vary significantly depending on the bank and the current market conditions. In the black market, the price of 100 Kuwaiti Dinars is equivalent to around 16,000-16,300 Egyptian Pounds.

Some of the major banks in Egypt have published their exchange rates for the Kuwaiti Dinar, which are as follows:

The exchange rate of the Kuwaiti Dinar against the US Dollar has also fluctuated over time. Prior to 2007, the Dinar was pegged to a basket of currencies, but it was later re-linked to the US Dollar at a rate of 1 USD = 0.29963 KWD. As of 2023, the exchange rate is around 3.27 USD per Kuwaiti Dinar.

Kuwaiti Economy

Kuwaiti economy is a significant player in the Middle East, driven by its oil reserves. Kuwait's economy is heavily reliant on oil exports, which account for the majority of its revenue.

Credit: youtube.com, Kuwait's Economic Forecast | Unveiling the Next Decade's

The country has a high per capita GDP, making it one of the wealthiest nations in the world. This is largely due to the country's vast oil reserves, which have enabled it to invest in infrastructure and services.

Kuwait's economy is expected to continue growing, driven by its strategic location and investment in various sectors, including tourism and renewable energy.

الخامس

The fifth series of Kuwaiti banknotes was introduced in 1994 with a major overhaul in design. This new design incorporated modern technologies and advanced security features.

The fifth series of Kuwaiti banknotes featured a range of innovative security features, including a silver thread that ran vertically across the front of the note. This thread was a significant improvement over previous designs.

The fifth series of banknotes also included intricate designs and vignettes that showcased Kuwait's rich cultural heritage. These designs included traditional Kuwaiti architecture, such as the Kuwait Towers, and historic landmarks like the Red Fort at Jahra.

US dollar banknotes
Credit: pexels.com, US dollar banknotes

Here are some key features of the fifth series of Kuwaiti banknotes:

The fifth series of Kuwaiti banknotes was a significant improvement over previous designs, incorporating modern technologies and advanced security features.

Highest Salaries in Kuwait

In Kuwait, you can find high-paying jobs that can help you live comfortably. The country attracts millions of people every year in search of well-paying jobs, and it's no wonder why.

The highest salaries in Kuwait vary depending on the profession, but some of the highest-paying jobs include those in the fields of medicine and engineering. For example, a doctor in Kuwait can earn up to 3000 dinars per month.

A doctor specializing in a particular field can earn even more, up to 3120 dinars per month. This is a significant amount of money, and it's one of the reasons why many people are drawn to working in Kuwait.

Here are some of the highest-paying jobs in Kuwait:

These salaries are among the highest in Kuwait, and they're a major draw for people looking for well-paying jobs.

Kuwaiti Dinar Editions

Person Putting Rolled Banknotes in Glass Jar
Credit: pexels.com, Person Putting Rolled Banknotes in Glass Jar

The Kuwaiti Dinar has undergone several editions since its introduction. The second edition, which lasted from 1970 to 1980, featured a smaller design and a new portrait of Sheikh Sabah Al-Salem Al-Sabah, the then Amir of Kuwait. This edition was introduced to gradually replace the first edition, which still featured Sheikh Abdullah Al-Salem Al-Sabah's portrait.

The second edition included new denominations, such as the 10 Kuwaiti dinars note, which was introduced on November 17, 1970. The design of the second edition was similar to the first edition, with the exception of the new portrait and some minor design changes. The second edition also featured a new security feature, with a different color scheme and a new pattern.

The third edition, introduced in 1980, marked a significant change in the design of the Kuwaiti Dinar. The new edition featured a new logo of the State of Kuwait, replacing the portrait of the Amir, as per the request of Sheikh Jaber Al-Ahmad Al-Jaber Al-Sabah. This change was made to give the currency a more national identity.

Third Edition

Banknote Lot
Credit: pexels.com, Banknote Lot

The third edition of the Kuwaiti dinar was introduced in February 1980, nearly two years after the death of Sheikh Sabah Salem Al-Sabah in December 1978.

This edition marked a significant change from the previous one, as it featured the Kuwaiti state emblem instead of the image of the ruler.

The new edition was released on February 20, 1980, and consisted of denominations ranging from a quarter dinar to ten dinars, alongside the existing circulating currencies.

Each denomination had a unique design, with the state emblem and signatures of the Minister of Finance and the Governor of the Central Bank on one side.

The designs on the other side of the bills included a gas processing plant on the quarter dinar, a shipping port on the half dinar, the Red Palace in Jahra on the one dinar, the Sief Palace on the five dinars, and a Kuwaiti sailing boat on the ten dinars.

Banknotes and Coins Beside Gray Safety Box
Credit: pexels.com, Banknotes and Coins Beside Gray Safety Box

The colors of the new edition were similar to those of the previous one.

A new denomination, the twenty dinar note, was introduced on February 9, 1986, featuring the Kuwaiti state emblem and the new building of the Courts Complex on the other side.

The twenty dinar note had a dark brown color and was signed by the Minister of Finance and the Governor of the Central Bank.

The Iraqi invasion of Kuwait led to the removal of certain serial numbers from all denominations, and a decree was issued on October 7, 1990, declaring that the state would not honor the value of some of the stolen banknotes.

السادس

The sixth edition of the Kuwaiti Dinar was introduced on June 29, 2014.

Some of the notes have rough textures that can be identified by touch, making them accessible to the visually impaired.

The sixth edition features a range of denominations, from 4 fils to 20 Kuwaiti Dinars.

Dollar banknote on white table
Credit: pexels.com, Dollar banknote on white table

Here's a breakdown of the dimensions and colors for each denomination:

The sixth edition features a range of unique designs and images on each denomination, showcasing Kuwait's culture and landmarks.

Fourth Edition

The fourth edition of the Kuwaiti Dinar is a significant milestone in the country's currency history. It was introduced in 1968, replacing the previous edition.

The fourth edition features a new design and security features to prevent counterfeiting. One of the notable features is the inclusion of a watermarked paper.

The Kuwaiti Dinar has undergone several changes since its introduction in 1968. The fourth edition was a major update to the currency.

Percy Cole

Senior Writer

Percy Cole is a seasoned writer with a passion for crafting informative and engaging content. With a keen eye for detail and a knack for simplifying complex topics, Percy has established himself as a trusted voice in the insurance industry. Their expertise spans a range of article categories, including malpractice insurance and professional liability insurance for students.

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