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10 Dinars
| Issuer | Central Bank of Kuwait |
|---|---|
| Year | 1991-1994 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#21 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
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| Signature(s) | Log in to see details |
| Protection type | Watermark |
| Protection description | Dhow watermark visible when held to light |
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| Comments |
Kuwait's Fourth Issue was produced before the Iraqi invasion of August 1990 but could not be released as planned — the occupation froze the Central Bank's operations entirely. When liberation came in February 1991, the Kuwaiti government faced an immediate currency crisis: the Third Issue dinars had been looted en masse by Iraqi forces and flooded into regional black markets, some reportedly used to finance arms purchases. A rapid demonetization was ordered, and the Fourth Issue — this series — was rushed into circulation with a tight redemption window deliberately designed to strand the stolen notes.
The replacement exercise was one of the fastest demonetizations of the post-war Gulf, completed in a matter of weeks in 1991.