Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait-New banknotes out June 29  Join our daily free Newsletter

MENAFN - Arab Times - 05/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) Kuwait city may 19 (kuna): the central bank of kuwait (cbk) is set to launch the new sixth issue of kuwaiti banknotes as of june 29 cbk governor dr mohammad al- hashel announced here on monday. 'the new issue will be in circulation from june 29 2014' al- hashel said at a celebration held on the occasion in presence of senior officials of concerned state bodies and agencies.

the usage of the fifth banknotes shall run in parallel with the new banknotes until withdrawal of current banknotes is completed he added.

the new bank note issue reflects the cbk's sincere efforts to keep pace with the state-ofthe- art technology used in the industry of banknote-printing and improvement in the signs and security specifications al- hashel pointed out.

the new sixth issue uses the kuwaiti flag as an inspiring artistic base for all new banknotes to illustrate and promote the national identity he added.

arguably the most familiar and iconic kuwaiti landmark the kuwait towers are illustrated on the banknote's front as they soar mightily into the sky.

the banknote's backside alludes to kuwait's marine life and the significance of preserving it such as the endangered hawksbill sea turtle and the silver pomfret (al zubaidi) kuwait's most popular fish.

the striking liberation tower a massive 372-meter structure that is one of the main landmarks in kuwait city as well as one of the tallest buildings in the world appears on the front side of the banknote as a symbol of kuwait's independence since its erection in 1996.

the banknote's backside portrays a traditional wooden kuwaiti door a plaster carving and the first kuwaiti coin used locally. with its powerful pyramid steel structure the central bank of kuwait's newly constructed building portrayed on the banknote's front side represents the bank's objectives of ensuring resilience stability and a sound monetary policy.

the back of the banknote shows off one of kuwait's oil refineries and a tanker as a testament to kuwait's precious source of prosperity. a superb illustration of the grand mosque the largest mosque in the country as well as a symbol of kuwait's islamic identity is portrayed on the banknote's front.

the backside of the banknote displays a real-life illustration of an iconic column one of the many influences of ancient greece's civilization that swept across and settled in kuwait's island of failaka. on the front side of the banknote appears the illustrious seif palace a symbol of sovereignty and ruling power to all of kuwait's erstwhile rulers where the country's affairs are administered.

the boom the largest and most popular traditional kuwaiti dhow is featured on the backside of the banknote an element that alludes to kuwait's modernization as well as its rich economic and commercial history that is linked to the deep blue seas.

another element included on the back is a pearl diver one of the earliest professions that enabled kuwaitis to earn a living before the discovery of oil.

the glorious kuwait national assembly building a symbolic pillar of kuwait's democratic constitution is beautifully illustrated on the front side of the banknote.

kuwait's diverse desert life takes over on the banknote's backside; a captivating illustration of a falcon oversees a seated camel dressed regally in a traditional sadu saddle.

 


 


Arab Times




  MENA News Headlines
 Jul 6 2015 - Egypt Foiled IS Attempt To Set Up Extremist State: SisiArab Times
(MENAFN - Arab Times) President Abdel-Fattah el- Sisi, wearing battle dress for the first time in over a year, said hat Egypt had foiled an attempt by the Islamic State group to seize territory and ...

 Jul 6 2015 - Syrian Forces and Hezbollah Push to Bolster Border ControlThe Arabian Post
(MENAFN - The Arabian Post) Syrian government troops and Hezbollah fighters from Lebanon pushed into the Syrian border town of Zabadani on Sunday amid heavy airstrikes, continuing an offensive aimed ...

 Jul 6 2015 - Israeli Cabinet Rejects Measure to Ease Jewish ConversionsThe Arabian Post
(MENAFN - The Arabian Post) The Israeli cabinet on Sunday rejected a proposed change that was supposed to ease the process of conversion to Judaism in Israel, a move that signaled the renewed ...

 Jul 6 2015 - Dubai hotels sector focus shifting to mid-marketThe Arabian Post
(MENAFN - The Arabian Post) Dubai is seeing a shift towards the development of mid-market hotels, underpinned by government incentives, a growing middle class in key source markets and the rise of a ...

 Jul 6 2015 - Kuwait- Foreigners Warned Of Deportation For False RumorsArab Times
(MENAFN - Arab Times) The Ministry of Interior has warned that it will deport foreigners who spread or help spread malicious rumors or fabricated news, reports Al-Jaridah daily.The Interior Ministry ...

 Jul 6 2015 - Kuwait- Govt Is Currently Preparing A Number Of Draft Laws: SourcesArab Times
(MENAFN - Arab Times) The government is currently preparing a number of draft laws on the development plan, strategic alternative to the salary scale and independence of the judiciary; as well as the ...

 Jul 6 2015 - Kuwait- Some 6,860 Illegal Residents Adjust Status In 4 YrsArab Times
(MENAFN - Arab Times) Up to 6,860 illegal residents in Kuwait have adjusted their status since 2011 till 30 June 2015, an agency said on Sunday. Up to 4,851 illegal residents were granted the Saudi ...

 Jul 6 2015 - Eid Al- Fitr Will Fall On July 17Arab Times
(MENAFN - Arab Times) Eid Al- Fitr, marking end of the Muslim fasting month of Ramadan, will fall on July 17, announced the astronomer Adel Al-Saadoun on Sunday. The moon is forecast to line up with ...

 Jul 6 2015 - Kuwait- Study On To Up Employer-Paid Residence FeesArab Times
(MENAFN - Arab Times) Sources from the Ministry of Social Affairs and Labor and the Public Authority for Manpower reported there is a study to increase the residence fees which will be borne by the ...

 Jul 6 2015 - Kuwait May Charge Over 40 In BombingArab Times
(MENAFN - Arab Times) Kuwait is considering charging more than 40 people in connection with the deadly suicide bombing in a Shiite mosque claimed by the Islamic State group, a security official said ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help