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Machines to accept old, new bills from today

KUWAIT CITY, Aug 17: All revenue stamps machines are expected to go into operation by Monday and accept old and new bank notes of all denominations, reports Al-Rai daily quoting sources. In a related issue, banking sources said almost half of the old bank notes in circulation have been withdrawn since the introduction of the new bank notes in the market on June 29, 2014.

The sources also said over the next two months the old KD 10 and KD 20 banknotes are expected to be fully out of circulation, while other denominations could take a bit longer.

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