Kuwait Central Bank Governor Sheikh Salem Abdelaziz al-Sabah on Monday played down reports about counterfeit Kuwaiti currency in circulation, saying other currencies had been subject to similar challenges.
Only some banknotes of the Kuwaiti dinar have been affected, with the number of fake notes a very small proportion of all banknotes in circulation, said Sheikh Salem.
“Almost all currencies at one time or another have been targeted with forgery attempts,” Sheikh Salem told the Kuwait News Agency (KUNA). “This is why all countries pay special attention to this issue and protect their currency.”
The currency, in circulation since 1994, is of superior quality and has several features which make counterfeiting it difficult, whilst the forged notes are manufactured through advanced colour photocopying machines, he added.
“Moreover, state of the art technology is used in manufacturing the Kuwaiti currency by reliable firms that have been in the business of printing currency for years,” Sheikh Salem said.
He also said there are clear safety marks that the public could check whilst the Central Bank has state of the art technology to check the notes in circulation and detect fakes ones.
The governor also advised the public to be on the lookout for such attempts and check the notes they carry at all times.
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