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5 Dinars Gulf Cooperation Council 40th anniversary
| Issuer | Central Bank of Kuwait |
|---|---|
| Year | 2021 |
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| Value | 5 Dinars |
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|---|---|
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| Reverse description | The central field depicts a incuse-style scene of six robed Gulf rulers or heads of state standing together, symbolizing the unity of the GCC member nations, surmounted by the large numeral '40' within a raised arch. A bilingual Arabic legend curves along the upper rim commemorating the 40th founding anniversary. Below the figural scene, an ornate decorative band contains the emblem of Kuwait, flanked by the dates '1981' and '2021' on either side. An Arabic inscription in the lower central field reads 'خليجنا واحد وشعبنا واحد' ('Our Gulf is one and our people are one'), emphasizing the council's unifying spirit. |
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| Edge | Reeded |
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| Additional information |
The Gulf Cooperation Council was founded in Abu Dhabi in May 1981, bringing together Saudi Arabia, Kuwait, the UAE, Qatar, Bahrain, and Oman under a framework driven as much by shared anxiety over the Iranian Revolution and the Iran-Iraq War as by any organic economic logic. Four decades on, the bloc's ambitions — including a long-promised monetary union — remain largely unrealized, the single currency project having quietly collapsed after Kuwait's decision to unpeg from the dollar in 2007 created irreconcilable differences over exchange rate policy.
Kuwait issued this commemorative through its central bank rather than a dedicated mint authority, with gold-plated .999 silver a format increasingly common in Gulf commemorative programs of this period.