Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait- New banknotes ... suitable timesmooth replacement  Join our daily free Newsletter

MENAFN - Arab Times - 02/07/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) Kuwait city june 30 (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 circulation.

The fact that the launching of fresh banknotes coincides with the holy month of ramadan has also helped in a smooth replacement. 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 networks.

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 weekend. high demand for buying commodities is due to two reasons: the payment of salaries and the fasting month he said. however people still need time to get familiar with the new banknotes given that citizens were divided over the fresh currency al-ajmi pointed out.

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 ramadan. banking operations went on very smoothly and there were major preparations made by banks for the circulation of the new issue nationwide he said.

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 ago. all banks have been geared up for the new banknotes he said hailing the issue as a magnificently formulated banknote.

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.

Significanc

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 siler 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
 May 3 2016 - Saudi- President of Turkmenistan Performs UmrahSaudi Press Agency
(MENAFN - Saudi Press Agency) Makkah Rajab 26 1437 May 3 2016 SPA -- President Gurbanguly Berdimuhamedov of Turkmenistan and his accompanying delegation performed Umrah rites heree yesterday. At ...

 May 3 2016 - Saudi- Turkmenistan's President Arrives in MadinahSaudi Press Agency
(MENAFN - Saudi Press Agency) Madinah Rajab 26 1437 May 03 2016 SPA -- President Gurbanguly Berdimuhamedov of Republic of Turkmenistan arrived in Madinah today to pay a visit and pray at the ...

 May 3 2016 - Saudi- Turkmenistan's President Leaves MadinahSaudi Press Agency
(MENAFN - Saudi Press Agency) Madinah Rajab 26 1437 May 03 2016 SPA -- President Gurbanguly Berdimuhamedov of Republic of Turkmenistan left Madinah today. At Prince Mohammed bin Abdulaziz ...

 May 3 2016 - Saudi- Custodian of the Two Holy Mosques Receives President of Burkina Faso Holds Luncheon in his HonorSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh Rajab 26 1437 May 3 2016 SPA -- The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud received at Al-Yamamah palace here today President Roch ...

 May 3 2016 - Stuttgart Germany Rajab 26 1437 May 03 2016 SPA -- A US soldier has been killed in fighting near the Iraqi city of Erbil US Defence Secretary Ash Carter said Tuesday during a visit to the southern German city of Stuttgart dpa reported.Saudi Press Agency
(MENAFN - Saudi Press Agency) The soldier who was part of the US-led military coalition against the ISIS extremist group died in combat but the exact circumstances of his death are not yet known ...

 May 3 2016 - Qatar- A hot day with temperature approximately 40 degreeThe Peninsula
(MENAFN - The Peninsula) Doha: The weather forecast for Qatar valid until 6pm Tuesday inshore will be hot during the day with slight dust at places at times and some clouds offshore will be hazy ...

 May 3 2016 - UAE- Jafza s trade with Netherlands reaches US732 millionEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 3rd May 2016 (WAM) -- The number of Dutch companies represented in the Jebel Ali Free Zone Jafza has grown steadily over the past few years up to 105 ...

 May 3 2016 - Saudi FM warns of dangerous situation in SyriaEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) GENEVA 3rd May 2016 (WAM) -- Saudi Foreign Minister Adel Al Jubeir warned of the danger of the situation in Syria pointing out that unless there was a ...

 May 3 2016 - Oil price upward trend to continue: Kuwait Petroleum InternationalEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) BRUSSELS 3rd May 2016 (WAM) -- Bakheet Al-Rashidi President and CEO of Kuwait Petroleum International KPI also known as Q8 has said that the recent upward ...

 May 3 2016 - UAE- Children's National Medical Centre shares innovative insights in the treatment and diagnosis of cerebral palsy at Latifa HospitalEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 3rd May 2016 (WAM) -- A multi disciplinary team consisting of a paediatric physiatrist paediatric occupational therapist and paediatric physical ...

 May 3 2016 - Kuwait Cabinet condemns Syrian regime s airstrikes on civilian targets in AleppoEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) KUWAIT 2nd May 2016 (WAM) -- The Kuwaiti Cabinet has condemned the Syrian regime's continued airstrikes on civilian gathering places residential areas and ...

 May 3 2016 - Pope Francis Joe Biden praise efforts of UAE and Sultan Bin Khalifa Humanitarian and Scientific FoundationEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ROME 3rd May 2016 (WAM) -- Pope Francis has praised the United Arab Emirates and the Sultan bin Khalifa Humanitarian and Scientific Foundation for their ...

 May 3 2016 - UAE- FNC delegation arrives in Amman to participate in WIP Global SummitEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) AMMAN 3rd May 2016 (WAM) -- Dr. Amal Abdullah Al Qubaisi Speaker of Federal National Council FNC has arrived in Jordan at the head of the UAE delegation to ...

 May 3 2016 - Lana Nusseibeh highlights UAE's crucial contributions on multilateral global issues at the UNEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 3rd May 2016 (WAM) -- Lana Nusseibeh Permanent Representative of the UAE to the United Nations has said that effective multilateral diplomacy ...

 May 3 2016 - UAE- RAK Ruler receives Bangladeshi Consul-GeneralEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) RAS AL-KHAIMAH 3rd May 2016 (WAM) -- H.H. Sheikh Saud bin Saqr Al Qasimi Supreme Council Member and Ruler of Ras al-Khaimah today received at his office in ...

 May 3 2016 - UAE- Amal Al Qubaisi meets former Vice President of European ParliamentEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) BRUSSELS 3rd May 2016 (WAM) -- Dr. Amal Abdullah Al Qubaisi Speaker of the Federal National Council FNC and Silvana Koch-Mehrin former member of the ...

 May 3 2016 - UAE- Minister of Infrastructure Development issues decision on total tonnage of shipsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 3rd May 2016 (WAM) -- Dr. Abdullah bin Mohammed Belhaif Al Nuaimi Minister of Infrastructure Development Chairman of the Federal Transport ...

 May 3 2016 - UAE- Arab Interior Ministers Council calls for reconsideration of traffic safety strategiesEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) TUNISIA 3rd May 2016 (WAM) -- The Arab Interior Ministers Council has called for the reconsideration of Arab strategies programmes and plans to tackle the ...

 May 3 2016 - Maktoum bin Mohammed honours winners of Dubai Quality AwardEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 3rd May 2016 (WAM) -- H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum Deputy Ruler of Dubai and H.H. Mansour bin Mohammed bin Rashid Al Maktoum ...

 May 3 2016 - Jawaher Al Qasimi praises UAE's wise leadership for supporting children s rights and cancer patientsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) SHARJAH 3rd May 2016 (WAM) -- H.H. Sheikha Jawaher bint Mohammed Al Qasimi Wife of H.H. the Ruler of Sharjah and Chairperson of the Supreme Council for ...

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