Kuwait's gold coinage program of the 1980s was tied directly to the emirate's sovereign wealth strategy — physical gold issues were produced in limited quantities for collectors and as diplomatic presentation pieces rather than any circulating purpose. The 1987 date places this squarely in the period before the Iraqi invasion of August 1990, after which the Central Bank's operations were forcibly suspended and significant quantities of Kuwaiti assets — including bullion reserves — were looted by Iraqi forces.
The .9167 fineness is the traditional 22-karat standard, the same alloy used in British sovereigns.
Kuwait's gold coinage program of the 1980s was tied directly to the emirate's sovereign wealth strategy — physical gold issues were produced in limited quantities for collectors and as diplomatic presentation pieces rather than any circulating purpose. The 1987 date places this squarely in the period before the Iraqi invasion of August 1990, after which the Central Bank's operations were forcibly suspended and significant quantities of Kuwaiti assets — including bullion reserves — were looted by Iraqi forces.
The .9167 fineness is the traditional 22-karat standard, the same alloy used in British sovereigns.