Guernsey Pound in Kuwaiti Dinar

GGP Guernsey Pound

Country of application:
Guernsey

Coin denominations in circulation:
1, 2, 5, 10, 50 pence, 2 pounds.

Denominations of banknotes in circulation:
1, 5, 10, 20, 50 lbs.

History reference:
The Guernsey Pound is the currency of Guernsey, a tiny island in the English Channel. GGP is the currency code for the Guernsey pound, which is the official currency of Guernsey. Until 1834, Guernsey... used the French livre as currency, and then until 1921, French francs were accepted as payment. However, already in 1827, the issue of its own banknotes in pounds began, and since 1830, coins in duplicates, where 80 doubles amounted to 1 franc. From 1848 to 1850, the island had an ordinance accepting pounds for payment, reinstated for coins in 1870 (12.5 Guernsey pence became 1 shilling), and for banknotes in 1914 new own banknotes were printed, the denominations of which were shillings and francs. In 1921, Guernsey switched completely to pounds, pegging its pound to the British as 1:1, and in 1971 the decimal system was introduced.

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.