KWD - Kuwaiti Dinar
The Kuwaiti Dinar is the currency of Kuwait. Our currency rankings show that the most popular Kuwait Dinar exchange rate is the KWD to INR rate. The currency code for Dinars is KWD, and the currency symbol is ك. Below, you'll find Kuwaiti Dinar rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read the XE Currency Blog, or take KWD rates on the go with our XE Currency Apps and website. More info ►
Top KWD Exchange Rates
Currency Facts
Name: Kuwaiti Dinar
Symbol: ك
Minor Unit:
1/1000 = Fils
Top KWD Conversion:
KWD/INR
Top KWD Chart:
KWD/INR Chart
Inflation: 1.50%
Coins:
Freq Used: 5, 10, 20, 50, 100
Banknotes:
Freq Used: ك1, ك5, ك10, ك20, 250, 500
Users: Kuwait
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Kuwaiti Dinar History
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.
