Currency of Kuwait
Kuwaiti dinar (Arabic: دينار كويتي, code: KWD) is the official currency of the State of Kuwait. It is issued by the Central Bank of Kuwait. The first Kuwaiti dinar was issued by the Kuwaiti Monetary Council in 1960 AD. it was a replacement for the Indian rupee, which was used then.
|دينار كويتي (Arabic)|
|ISO 4217 Code||KWD|
|Source||The World Factbook, 2017 est.|
|Pegged with||Undisclosed currency basket |
$1 USD = 0.29963 KD
|Symbol||د.ك or KD|
|Coins||1, 5, 10, 20, 50, 100 fils|
|Banknotes||¼, ½, 1, 5, 10, 20 dinars|
|Central bank||Central Bank of Kuwait|
The first twenty dinars banknote was issued on February 9, 1986. The Central Bank of Kuwait issued six releases, the last of which was in 2014. The Kuwaiti dinar is divided into 1000 fils. The Kuwaiti dinar has the highest exchange rate in the world.
- ↑ "Exchange Rate Policy". www.cbk.gov.kw. Archived from the original on 28 December 2017. Retrieved 14 June 2016.