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Kuwait
10 Fils
(Non-Magnetic Version)
科威特
10費爾
(非磁性版)
Item number: A4739
Reference number: KM#11; Schön#10
Year: AD 1971
Material: Nickel-Brass
Size: 20.8 x 20.8 x 1.5 mm
Weight: 3.8 g
Manufactured by: Royal Mint, Llantrisant, United Kingdom
Provenance: Xiang Yun Antique 2026
This is a nickel-brass coin with a denomination of 10 fils, issued by the Kuwait Currency Board. One thousand fils are equivalent to one Kuwaiti dinar.
Both the obverse and reverse are bordered by a raised rim enclosing inward-pointing denticles designed to protect the relief. The centre of the obverse depicts an Arabian dhow (داو, dhow), a vessel historically sailed extensively across the Indian Ocean and the Red Sea, symbolising the maritime traditions and commercial heritage of Kuwait. Below the dhow, the Arabic-Indic numerals ‘١٣٩٠–١٩٧١’ are arranged in an exergual arc, recording the year of mintage in both the Gregorian year AD 1971 and the Hijri year AH 1390.
At the centre of the reverse is the Arabic inscription ‘١٠ فلس’, signifying the denomination ‘10 fils’. Arranged along the upper perimeter is the Arabic legend ‘ٱلْكُوَيْت’ (al-Kuwayt), complemented along the lower perimeter by the English designation ‘KUWAIT’, both representing the official name of the state.
In approximately AD 1740, tribes migrating from the eastern Arabian Peninsula established the town of Kuwait, and the Al Sabah dynasty inaugurated its continuous rule under Sheikh Sabah I in AD 1752. Functioning as a regional entrepôt devoid of indigenous coinage, Kuwait relied for an extended period upon foreign metallic currency; around AD 1752, the distinct hairpin-shaped currency known as the Tawilah al-Hasa, issued by the Bani Khalid tribe, began circulating locally. Circa AD 1790, high-purity Austrian Maria Theresa thalers entered the local market, becoming the principal medium for major commercial transactions and capital reserves, whilst Persian shahis and qirans, alongside Ottoman gold coinage and silver kurush, circulated as supplementary denominations. During the reign of Sheikh Jaber I in AD 1830, the Indian rupee was formally introduced into local trade, progressively establishing monetary dominance. Although Sheikh Abdullah II attempted to issue hand-hammered copper coins designated the ‘Kuwaiti baiza’ in AD 1886, this initiative was abandoned within months owing to the absence of reserve backing. To counter the threat of Ottoman annexation, Sheikh Mubarak concluded an agreement with Great Britain in AD 1899, establishing Kuwait as a British protectorate.
Throughout the protectorate era, the Kuwaiti market accommodated successive variants of the Indian rupee, including those bearing the effigies of Queen Victoria, Edward VII (which marked the initial circulation of banknotes), George V, and George VI, followed by the post-independence Ashoka Lion Capital series. Following the discovery of petroleum deposits during the AD 1930s and AD 1940s and the inaugural commercial export of crude oil in AD 1946, the fundamental structure of Kuwait’s economy was completely transformed. In AD 1959, the abrupt introduction of the ‘Gulf rupee’ by the Reserve Bank of India to curb gold smuggling accelerated Kuwait’s transition towards an autonomous monetary system. In October AD 1960, Sheikh Abdullah Al-Salim promulgated Law No. 41, establishing the Kuwait Currency Board; Kuwait subsequently terminated the protectorate treaty to achieve full independence on 19 June AD 1961. Prior to this, on 1 April AD 1961, the sovereign national currency, the Kuwaiti dinar, was officially released, supplanting foreign currencies at a fixed parity of one dinar to 13.33 Gulf rupees (equating to 75 fils per rupee), alongside the release of six standard coin denominations: 1, 5, 10, 20, 50, and 100 fils.
On 2 August AD 1990, Iraqi armed forces invaded and occupied Kuwait, subsequently declaring its annexation as an Iraqi province. On 7 October AD 1990, the occupying regime revoked the legal tender status of the Kuwaiti dinar, plundered the central bank vaults, and coerced residents into exchanging their currency for Iraqi dinars at a 1:1 ratio. In response to United Nations resolutions, an international coalition led by the United States launched military operations on 17 January AD 1991, successfully liberating Kuwait City on 27 February AD 1991. Following the reinstatement of the legitimate Kuwaiti government, the legal tender status of the Kuwaiti dinar was formally restored on 24 March AD 1991, accompanied by the prompt issue of a new series of banknotes to withdraw and replace all looted or compromised currency, thereby reconstituting national financial sovereignty and economic order.