NO. 26


Financial and Banking News

Regional Banking

Central Bank of Kuwait Outlines Procedure for Changing Old KD Notes

Old Kuwaiti Dinar (KD) notes will cease to be legal tender from 7 May 1991,but may be exchanged at face value for new new notes until 30 September,according to a Central Bank of Kuwait order issued at the end of March. Theorder says that banks must submit their old notes complete with a letterendorsed by their external auditors, stating the value of old...