KUWAIT: The Central Bank of Kuwait (CBK) is marking the 60th anniversary of the Independence and the 30th anniversary of the Liberation of the State of Kuwait, as well as the 60th anniversary of the issue and circulation of the Kuwait national currency, the Kuwaiti dinar, by issuing three commemorative coins on these occasions, stated CBK Governor Dr Mohammad Y Al-Hashel.
In a press statement on this occasion, the governor noted it is customary for the CBK to mark important occasions and landmarks in Kuwait’s development with such commemorative issues. These issues, he added, are the Bank’s contribution to these national celebrations.
The first two coins marking the independence and liberation anniversaries stress the State of Kuwait’s sovereignty and underline the spirit of solidarity the Kuwaiti people always exhibit; a spirit of which we are reminded by such occasions and one that shall take our nation forward still, he said. On the third occasion, the 60th anniversary of the issuance of the Kuwaiti Dinar, Dr. Al-Hashel remarked the Bank is keeping to the same path it had adopted for the last three decades which aims at bolstering and safeguarding the strength and stability of the national currency.
This feat is achieved through an exchange policy that pegs the Dinar to a weighted basket of the currencies of the State of Kuwait’s key trade and economic partners. This fixed element of CBK’s prudent monetary policy, he stressed, bolsters monetary stability, which in turn supports economic stability.
The CBK Governor pointed out the three commemorative coins were designed to clearly evoke these patriotic occasions and are gold-plated pure silver minted according to international standards. Those wishing to purchase any of the coins may do so from CBK Banking Hall and may book an appointment to visit the Bank through the “meta” application. In conclusion, Dr Al-Hashel expressed CBK’s pride in such issues that mark occasions that are close to the hearts of all Kuwaitis and important landmarks in our nation’s progress.