Kuwait banknotes 10 Kuwaiti Dinars note 1968

Kuwait money currency 10 Dinars banknote
10 Kuwaiti Dinar
Kuwait banknotes 10 Dinars note Sailing Dhow
Kuwait Note - 10 Dinars
Currency of Kuwait - 10 Kuwaiti Dinars banknote of 1968, issued by the Central Bank of Kuwait.
Kuwaiti dinar, Kuwait banknotes, Kuwait paper money, Kuwait bank notes, Kuwait paper money, Kuwaiti banknotes, Kuwaiti paper money, Kuwaiti bank notes.

Obverse: Portrait of His Highness Sheikh Sir Sabah III bin Salim Al-Sabah, 2nd Emir of Kuwait from 1965 to 1977.
Reverse: Sailing Dhow.
A portrait of Sheikh Sabah is used as the watermark to the left of the notes, with the watermark being a mirror image of the portrait that appears on the front of the note.
Size: 170 mm x 70 mm.

Kuwait banknotes - Kuwait paper money
Second Issue

The Second issue followed the establishment of Central Bank of Kuwait in replacement of the Kuwaiti Currency Board, thus taking over the latter's function of issuing currency notes and coins in addition to much broader tasks. The second issue was put into circulation starting on November 17, 1970 for 1/4, 1/2, and 10 Dinars notes and on April 20, 1971 for 1 and 5 Dinars notes. The second issue was withdrawn effective February 1, 1982, and ceased to be a legal tender on May 31, 1982.

Quarter Kuwaiti Dinar      Half Kuwaiti Dinar      One Kuwaiti Dinar    
5 Kuwaiti Dinar      10 Kuwaiti Dinar

Kuwaiti Dinar is the official currency of Kuwait. Each Dinar comprises of 1000 fils.
The dinar was introduced in 1961 to replace the Gulf rupee used in the countries of the Persian Gulf and the Arabian Peninsula between 1959 and 1966. Gulf rupee was issued by the Government of India and the Reserve Bank of India for circulation exclusively outside the country and was equivalent to the Indian rupee.
After concluding an accord between the Kuwaiti government and the Indian government, the first Kuwaiti Dinar was issued. Hence, all Indian banknotes and coins were withdrawn from the Kuwaiti markets as of April 1961 to be sent back to India. During the following two months, the Kuwaiti Banks and the Post Offices replaced the Indian Rupee with the Kuwaiti Dinar. Since one Dinar equaled 13.33 Indian Rupees, a total of 342 million Indian Rupees were replaced by 25.646.110 Kuwaiti Dinars during these two months.
The first Kuwaiti banknotes carried the photo of the late Amir of Kuwait; Sheikh Abdullah Al-Salem Al-Sabah, the signature of the Chief of the Council of Finance at that time; Sheikh Jaber Al-Ahmad Al-Jaber Al-Sabah, and pictures of renaissance landmarks in the State of Kuwait. The phrase "The Kuwaiti Emirate" was engraved on the coins. After one year of dealing with this coin, the phrase was replaced by the word "Kuwait" after independence.
On June 1, 1968, the Law No. 32 was issued to organize banking, the Kuwaiti currency and the Central Bank of Kuwait. Nine years later, the Central Bank released new banknotes for circulation on the following phases:
• The first phase dated November 17, 1970. The new banknotes were of values ten (10) dinars, half (½) of dinar and quarter (¼) of dinar. On April 20, 1971, five (5) dinar and one (1) dinar banknotes were released. They carried the photo of the late Amir of Kuwait; Sheikh Sabah Al-Salem Al-Sabah.
• The second phase dated November 20, 1980. In the reign of Jaber Al-Ahmad Al-Sabah, the Central Bank of Kuwait issued new banknotes.
• The third phase dated January 27, 1986. The Central Bank of Kuwait issued a new twenty (20) Dinar banknote. It was circulated starting from February 9, 1986.
• The fourth phase dated March 24, 1991. This currency release was characterized by its new and different colors. After the aggressive Iraqi invasion, Kuwaiti banknotes, assets and the gold reserve were robbed from the Central Bank of Kuwait. Hence, this new release came in different shape and colors to prevent the Iraqi invaders from benefiting from the stolen Kuwaiti banknotes. Banks and banking services stopped during the period from August 2, 1990 until the expulsion of the enemy.
• The fifth phase dated April 3, 1994. This release of national banknotes is the currently circulated currency in Kuwait. It is distinguished by the high technology and security techniques used in the domain of manufacturing and printing the banknotes.
After independence, and to mark the achievements reached in Kuwait in all aspects of life, the Central Bank of Kuwait released gold and silver coins and commemorative banknotes on the national occasions for the Kuwaitis and currency collectors.