Bank issues coin to mark its golden jubilee
KUWAIT: His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah received yesterday at Bayan Palace Central Bank of Kuwait (CBK) Governor Dr Mohammad Al-Hashel, who presented to His Highness a commemorative coin marking the 50th anniversary (golden jubilee) of CBK founding. Hashel also presented commemorative coins to His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah and His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah.
Hashel said in a statement that the bank minted the symbolic coin on the 50th anniversary of issuing Law 32/1968 and regulations’ issuance regulating banking on June 30, 1968. The law and its amendment constitute basic legislative framework for modern Kuwaiti monetary and banking sectors, Hashel said, also noting that the CBK had taken over jurisdictions from the former Kuwaiti Monetary Council in 1960. The Kuwaiti dinar was issued in 1961 as a national currency depicting the State of Kuwait sovereignty. He lauded the CBK for safeguarding the Kuwaiti dinar as one of the authentic globally traded currencies. One side of the coin is decorated with the national emblem, along with another slogan marking the occasion. The other side bears the CBK logo.
Separately, His Highness the Amir received Sheikha Azza Jaber Al-Ali Al-Sabah, Head of Al-Sidra Association for the Psychological Care of Cancer Patients, and association members. The meeting was attended by Minister of Amiri Diwan Affairs Sheikh Ali Jarrah Al-Sabah.
Earlier yesterday, His Highness the Amir received National Assembly Speaker Marzouq Al-Ghanem and His Highness Sheikh Nasser Al-Mohammad Al-Ahmad Al-Sabah. Meanwhile, His Highness the Crown Prince received Ghanem, His Highness Sheikh Nasser Al-Mohammad and Sheikh Dr Ibrahim Al-Duaij Al-Sabah.
His Highness Sheikh Nawaf also received Information Minister Mohammad Al-Jabri, Al-Ahmadi Governor Sheikh Fawaz Al-Khaled Al-Hamad Al-Sabah and Acting President of the State Audit Bureau Adel Abdul-Aziz Al-Sarawi.
Amir congratulates Crown Prince
In other news, His Highness the Amir sent a cable of congratulation to His Highness the Crown Prince on the occasion of the 12th anniversary of assuming the post. In return, His Highness the Crown Prince sent a reply letter to His Highness the Amir, expressing appreciation for the kind gesture, as well as wishing His Highness the Amir utmost health.
Separately, His Highness the Amir is set to patronize and attend today a ceremony honoring winners of 21st Kuwait’s Quran Memorization, Recitation Grand Competition. The ceremony will be held at Bayan Palace starting at 10:30 am. Meanwhile, His Highness the Crown Prince is set to patronize His Highness’s Cup and Prize for Horse Racing organized by Al-Jahra Equestrian Club. Kuwait’s Capital Governor Retired Lieutenant General Thabet Al-Muhanna will attend the event on behalf of His Highness the Crown Prince at 4:30 pm today at Sheikh Sabah Al-Nasser Al-Sabah racetrack. – KUNA