KWD - الدينار الكويتي

The الدينار الكويتي is the currency of الكويت. Our currency rankings show that the most popular الدينار الكويتي exchange rate is the KWD to USD rate. The currency code for Kuwait Dinar is KWD, and the currency symbol is KD. Below, you'll find الدينار الكويتي rates and a currency converter.

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Kuwait's central bank is called the Central Bank of Kuwait. As of March 2013, the Kuwaiti Dinar is the highest-valued currency in the world.

In 1959, the Persian Gulf Rupee (XPGR) was issued by the Reserve Bank of India to be used in gulf countries, including Kuwait. Up until then, the Indian Rupee circulated alongside a number of different foreign coins. After gaining independence, the Kuwaiti Dinar was introduced in 1961 at a rate of 13.33 IND to 1 KWD. The Central Bank of Kuwait was established in 1969 to manage the state's currency system. In 1975, the Dinar was pegged to a weighted currency basket. When Iraq invaded Kuwait in 1990, the Iraqi Dinar was used for a brief period and the Kuwaiti Dinar plummeted in value. When the currency was reinstated in early 1991, its value returned to the pre-invasion rate and new banknotes were issued. From 2003 to 2007, the Dinar was pegged to the US Dollar.

الدينار الكويتي Stats

Nameالدينار الكويتي
Minor unit1/1000 = Fils
Minor unit symbolFils
Top KWD conversionKWD to USD
Top KWD chartKWD to USD chart

الدينار الكويتي Profile

CoinsFreq used: Fils5, Fils10, Fils20, Fils50, Fils100
Bank notesFreq used: Fils250, Fils500, ك1, ك5, ك10, ك20

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