Tajikistani Somoni in Kuwaiti Dinar

TJS Tajikistani Somoni

Country of application:
Tajikistan

Coin denominations in circulation:
1, 2, 5, 10, 20, 50 dirams, 1, 3 and 5 somoni.

Denominations of banknotes in circulation:
1, 3, 5, 10, 20, 50, 100, 200, 500 somoni.

History reference:
The Tajik somoni has been the national currency and money of the Republic of Tajikistan since 2000, which has replaced the Tajik ruble. The money of Tajikistan is named after the founder of the first... state in the 9th century, Ismail Samani. After the overthrow of Soviet power, the Soviet ruble was still used as the official currency of Tajikistan on the territory of the newly-made Tajik state. The government of the country decided that it was necessary to develop its own monetary unit, and on May 10, 1995, the Tajik ruble, which was developed on the basis of the Soviet one, was put into circulation. The coins of this issue were minted at the St. Petersburg Mint. On the coins of 2006, in comparison with the coins of 2001, there is an enlarged image of the denomination. In 2018, redesigned coins of 1, 3 and 5 somoni were minted at the Kazakh Mint.

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.