Kuwait dinar

The Most Expensive Currency in the World

KWD.

The most expensive currency worldwide is a Kuwaiti Dinar. There is 1 KWD = 1.9 pounds in the UK

The dinar was introduced in 1961 to replace the Gulf rupee. It was initially equivalent to one pound sterling. Since the rupee was fixed at 1 shilling 6 pence led, in a transformation of this 13 ½ rupees to the dinar.

When Iraq invaded Kuwait in 1990, the Iraqi dinar replaced the Kuwaiti dinar as the currency and large quantities of banknotes were stolen by the invading forces. introduced after the liberation of the Kuwaiti dinar as the currency of the country and a new banknote series was again, so that the old notes, they are stolen, including demonetized.

For a comprehensive history of currency in the region, see History of the British currency in the Middle East.

To date, five rows of the Kuwaiti dinar banknote is printed. The first series was issued after the promulgation of the Kuwaiti Currency Law in 1960, the Kuwaiti Currency Board. This series was in circulation from the 1st April 1961 to February 1, 1982 and consisted of denominations of ¼, ½, 1, 5 and 10 dinars.

After the founding of the Central Bank of Kuwait as a substitute for the Kuwaiti Currency Board, new ¼, ½ and 10 dinar notes were issued by 17 November 1970, followed by the new 1 and 5 dinar notes from the second series of 20 April 1971. This second series was also withdrawn on 1 February 1982.

The third series was on 20 issued in February 1980 after the accession to the throne of Emir Jaber al-Ahmad al-Jaber Al-Sabah, at this point the values of ¼, ½, 1, 5 and 10 dinars. A 20-dinar banknote on 9 introduced in February 1986. As a result, the state of emergency following the Iraqi invasion of Kuwait, this series was invalid with effect from 30th September 1991. Substantial quantities of these observations, the Iraqi armed forces and some have appeared on the international market have been stolen numismatic. "Standard Catalog of World Paper Money" (A. Pick, Krause Publications) lists is stolen with the following serial number prefix denominators as among those