Most Expensive Currency in the World - Kuwait dinar

Most Expensive Currency in the World

KWD.
The world is changing much more expensive is the Kuwaiti Dinar. There are 1 KWd = 1.9 pounds in the UK

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

When Iraq invaded Kuwait in 1990, the Iraqi dinar Kuwaiti dinar replaced the currency and large quantities of banknotes were stolen from the occupying forces. established after the release of the Kuwaiti dinar as its currency and a new series of banknotes was again so that the old notes, they are stolen, including a discredited.

Comprehensive history of currency in the region, see the history of British currency in the Middle East.

So far, five lines of notes is printed in Kuwaiti dinars. The first series was published after the announcement Kuwaiti Currency Law in 1960, Kuwaiti Currency Board. This series is in circulation from 1 April 1961 until February 1, 1982, and which cuts of ¼, ½ dinar, 1, 5 and 10.

After the founding of the Central Bank of Kuwait as an alternative to the Commission of Kuwait ¼ of a new $ 10 and ½ dinar was issued on November 17, 1970, followed by 1, and 5 new dinar notes in the second round April 20, 1971. This second series was canceled, February 1 1982.

The third series was published on February 20, 1980 after the accession the throne of Emir Jaber al-Ahmad al-Jaber Al-Sabah, so the values of ¼, ½ dinar, 1, 5 and 10. 20 dinar banknote is introduced on 9 1986th Consequently, the state of emergency after the Iraqi invasion of Kuwait, this series was in force, beginning with 30 septembris, 1991. Significant quantities of these observations, the Iraqi armed forces and some have appeared on the international market have been stolen coins. "Standard Catalog World Paper Money" (A. Pick, Krause Publications) lists have been stolen by the serial number prefix denominators than