Costa Rican Colon in Kuwaiti Dinar

CRC Costa Rican Colon

Country of application:
Costa Rica

Coin denominations in circulation:
10, 25, 50, 100 and 500 columns.

Denominations of banknotes in circulation:
1,000, 2,000, 5,000, 10,000, 20,000, 50,000 colones.

History reference:
The currency, named after Christopher Columbus or, in the Spanish manner, Cristobal Colon, came out with a content of 0.7002 grams of pure gold in October 1896. The colon replaced the Costa Rican pes...o and was parity with the US dollar at 2.15:1. The Costa Rican colón was adopted as the national currency in 1896, about 70 years after Costa Rica and its Central American neighbors declared independence from Spain. Colón replaced the Costa Rican peso with a one-to-one exchange rate. The former currency of the peso, a legacy of the colonial era, was divided into eight Spanish reais.

KWD Kuwaiti Dinar

Country of application:
Kuwait

Coin denominations in circulation:
1, 5, 10, 20, 50, 100 fils.

Denominations of banknotes in circulation:
0.25, 0.5, 1, 5, 10, 20 dinars.

History reference:
The Kuwaiti dinar is currently the national currency of Kuwait. The Kuwaiti dinar was introduced into circulation on April 1, 1961, replacing the Gulf rupee. The Kuwaiti dinar is three times stronger... than the dollar. In 2006, Kuwait revalued its national currency by 1% against the dollar. In 1990, Iraq occupied Kuwait, the Iraqi dinar was put into circulation, and during the six months of occupation, all cash was taken out of the country. In order to prevent further use by Iraq of the stolen money, after the liberation of Kuwait, a monetary reform was carried out, the Kuwaiti dinar of the new issue again became the official means of payment. Today, coins in denominations from 5 to 100 fils and banknotes in denominations from ¼ to 20 dinars are in circulation. The Kuwaiti dinar was pegged to the US dollar at a ratio of 3:1. In 2006, the emirate revalued its national currency against the dollar by 1%. In May 2007, the Kuwaiti authorities decided to decouple the dinar from the dollar, replacing it with a multi-currency basket.