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
 Jan 25 2015 - Oman's Suez subsidiary signs USD37m landfill contractMENAFN
(MENAFN) Suez Environment via its local subsidiary Sita Al Basheer has won a contract to design, build and operate the expansion of the landfill site for five years. The total amount of the contract ...

 Jan 25 2015 - Saudi- Kingdoms economy expected to expand 3.22 this yearArab News
(MENAFN - Arab News) DUBAI: Cheap oil will slow growth in most Gulf Arab economies this year but heavy spending by governments and healthy private sector activity will prevent any serious slump a ...

 Jan 25 2015 - Egypt awards USD112.04m contract for rail systemMENAFN
(MENAFN) Egyptian National Railways (ENR) said that it has awarded Alstom a USD112.04 million contract for the supplying of signaling equipment for the Beni Suef-Asyut line in Egypt, as well as its ...

 Jan 25 2015 - UAE's inflation hits 6-year high in DecemberMENAFN
(MENAFN) According to the figures released by the United Arab Emirates National Bureau of Statistics, the increase by more than 5 percent in the housing and utility costs led the UAE's inflation rate ...

 Jan 25 2015 - Dubai's Drake & Scull unit wins USD49m contractMENAFN
(MENAFN) Dubai's Drake & Scull International (DSI) said that one of its subsidies won a USD49 million engineering contract in the emirate, Gulf Business reported.Under the signed contract, the ...

 Jan 25 2015 - Dubai's Deyaar net profit down 43 percent in Q4MENAFN
(MENNAFN) Dubai's Deyaar Development said that it has registered a decline by 43 percent in its net profit during the October-December period of 2014, Gulf Business reported.During the fourth quarter ...

 Jan 25 2015 - Renault's GCC sales up 44 percent in 2014MENAFN
(MENAFN) Renault announced that it has registered a 44 percent increase in its sales within the region during 2014, which led by Dubai resulted in the manufacturer selling 23.626 vehicles, Emirates ...

 Jan 25 2015 - Sharjah firm to build solar power plantMENAFN
(MENAFN) Bee'ah, a Sharjah-based waste management company, announced that it is planning to build a solar power plant in the emirate with a capacity to generate more than 20 megawatts, Emirates 24/7 ...

 Jan 25 2015 - Bahraini JBG invest USD2.44m on expansion in GCCMENAFN
(MENAFN) Bahrain-based Jawad Business Group (JBG) announced that it was planning to expand its business in the UAE and the GCC by opening 10 new stores this year, with an investment of over USD2.44 ...

 Jan 25 2015 - Dubai Arabtec wins USD152m contractsMENAFN
(MENAFN) Dubai's Arabtec Holding announced that it has won two contracts in Abu Dhabi, through its Target Engineering unit, with the contracts having a combined value of USD152.5 million, Emirates ...

more...


 






Google

Click to Apply

 
 

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