KWD – Kuwaiti Dinar

Sign – د.ك / Code – KWD 

Long before our corporate currency exchange brokers were helping our clients with their Kuwaiti Dinar transfers, the Kuwaiti Dinar was creating its own rich history.

About the Kuwaiti Dinar

The Kuwaiti Dinar was introduced in 1961, replacing the Gulf Rupee.

When Iraq invaded Kuwait in 1990, the Iraqi Dinar replaced the Kuwaiti Dinar and large numbers of banknotes were stolen. After liberation, a new series of Kuwaiti Dinar was launched, demonetizing the stolen money thus rendering it useless.

Kuwait is a member of the Cooperation Council for the Arab States of the Gulf, along with Saudi Arabia, Qatar, Bahrain, UAE and Oman, which planned to introduce a single currency in 2010, although this plan has yet to be implemented.

The Kuwaiti Dinar is the world’s highest-valued currency unit in the market, followed by the Bahraini Dinar and Omani Rial.

Denominations

Subunit: Fils – 1/1000

Coins: 5 fils, 10 fils, 20 fils, 50 fils, 100 fils

Banknotes: ¼ dinar, ½ dinar, 1 dinar, 5 dinars, 10 dinars, 20 dinars

Bank: Central Bank of Kuwait