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MENAFN - Kuwait News Agency (KUNA) - 30/06/2014
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(MENAFN - Kuwait News Agency (KUNA)) The wide-scale media campaign launched by the Central Bank of Kuwait (CBK) on May 19 to promote new banknotes has contributed to a smooth replacement with currently used notes in the first day of circulatio



The fact that the launching of fresh banknotes coincides with the holy month of Ramadan has also helped in a smooth replacemen



Many citizens and residents on Thursday easily withdrew new banknotes in preparation for the fasting month as young people began to get the new issue in order to post them on social communication network



Director-Manager of Kuwait Network Electronic Technology (KNET) Abdullah Al-Ajmi said withdrawal figures show that the process was very normal nationwide, noting that there was a high purchase rate at weeken



High demand for buying commodities is due to two reasons: the payment of salaries and the fasting month, he sai



However, people still need time to get familiar with the new banknotes, given that citizens were divided over the fresh currency, Al-Ajmi pointed ou



Ali Bushehri, the manager of a Gulf Bank branch, said today was a normal working day at the bank as it was the first day of the holy month of Ramada



Banking operations went on very smoothly and there were major preparations made by banks for the circulation of the new issue nationwide, he sai



Boubyan Bank sales manager Fahed Al-Fawzan said the bank has commenced preparations for the new issuance since the plan was made public several months ag



All banks have been geared up for the new banknotes, he said, hailing the issue as a magnificently formulated banknot



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 adde



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 fis



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 locall



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 polic



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 prosperit



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 fron



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 Failak



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 administere



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 oi



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

 


Kuwait News Agency (KUNA)




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