KWD – Kuwaiti Dinar
Kuwaiti Dinar Overview
The Kuwaiti Dinar is the official currency of Kuwait, Kuwaiti Dinar Currency code is KWD. You can find Kuwaiti Dinar rates and Currency converter at Merchant Stronghold.
The Kuwaiti Dinar unit was introduced in 1961, exchange the Gulf Rupee.
When Asian country invaded Kuwait in 1990, the Iraqi dinar replaced the Kuwaiti monetary unit and enormous numbers of banknotes were purloined. when liberation, a brand new series of Kuwaiti monetary unit was launched, demonetizing the purloined cash so rendering it useless.
Kuwait could be a member of the Cooperation Council for the Arab States of the Gulf, besides Asian nation, Qatar, Bahrain, UAE, and Oman, that planned to introduce one currency in 2010, though this arrange has, however, to be enforced.
The Kuwaiti monetary unit is that the world’s highest-valued currency unit within the market, followed by the Bahraini Dinar and riyal-omani.
Current Kuwaiti Dinar coins and banknotes
Name: Kuwaiti Dinar
1/1000 = Fils
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Freq Used: 5, 10, 20, 50, 100
Freq Used: ك1, ك5, ك10, ك20, 250, 500