Article 538 of Commercial Code

1 - If payment of a cheque in Kuwait is stipulated in a currency not in circulation therein, its amount may be paid within the period for presentment of the cheque in the currency in circulation in Kuwait at its rate on the day of payment. If payment is not made on the day of presentment, the holder shall have the option of demanding the amount of the cheque valued in the currency in circulation in Kuwait at its rate on the day of presentment or on the day of payment. 2 - If the cheque is presented for the first time after expiry of its presentment period, the rate on the day on which the presentment period expired shall apply. - The custom prevailing in Kuwait shall be followed in valuing foreign currency; however, the drawer may specify in the cheque the rate on the basis of which the amount payable is to be calculated. 4 - If the amount of the cheque is specified in currencies bearing a common designation but having different values in the country of issue and the country of payment, the currency of the country of payment shall be presumed to be intended.