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10 Dinars
| Issuer | Central Bank of Kuwait |
|---|---|
| Year | 1991-1994 |
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| Composition | Cotton paper |
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| Obverse description | A saker falcon perched on a falconer's block occupies the left field, rendered in intaglio against a multicolour guilloche underprint. The State of Kuwait coat of arms appears at right, incorporating a traditional dhow within a cartouche surmounted by an eagle. Arabic inscriptions including the bank name and denomination are displayed in the upper and central areas, with two signature panels and a geometric rosette pattern in the lower centre. |
|---|---|
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| Reverse description | The central vignette presents a traditional Kuwaiti dhow under full sail on open water, executed in brown intaglio with fine line engraving. Denomination numerals appear in the upper left and right corners, with a multicolour geometric pattern in the lower centre. The English legends "Central Bank of Kuwait" and "Ten Dinars" are printed in the upper and lower registers respectively. |
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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.