Currency - Kuwaiti dinar

Currency  >  Kuwaiti dinar

Kuwaiti dinar

The Kuwaiti dinar (دينار, code: KWD) is the currency of Kuwait. It is sub-divided into 1,000 fils. The Kuwaiti dinar is currently the world's highest-valued currency unit per face value.

The dinar was introduced in 1968 to replace the Gulf rupee, equal to the Indian rupee. It was initially equivalent to one pound sterling. As the rupee was fixed at 1 shilling 6 pence, that resulted in a conversion rate of 13 1⁄3 rupees to the dinar.

When Iraq invaded Kuwait in 1990, the Iraqi dinar replaced the Kuwaiti dinar as the currency and large quantities of banknotes were stolen by the invading forces. After liberation, the Kuwaiti dinar was restored as the country's currency and a new banknote series was introduced, allowing the previous notes, including those stolen, to be demonetized.

The coins in the following table were introduced in 1961. The design of all coins is similar and has not changed since they were first minted. On the obverse is a boom ship, with year of minting in both Islamic and Common Era in Arabic. The reverse contains the value in Arabic within a central circle with إمَارَة الكُوَيت (The State of Kuwait in Arabic) above and KUWAIT in English below.

Unlike many other Middle Eastern currencies, Kuwait has a coin worth 0.2 of its main currency unit rather than 0.25.

The 1 fils coin was last minted in 1988.

Six series of the Kuwaiti dinar banknote have been printed.

The first series was issued following the pronouncement of the Kuwaiti Currency Law in 1960, which established the Kuwaiti Currency Board. This series was in circulation from 1 April 1961 to 1 February 1982 and consisted of denominations of 1⁄4, 1⁄2, 1, 5 and 10 dinars.



Kuwait ( الكويت ', or ), officially the State of Kuwait (دولة الكويت '), is a country in Western Asia. Situated in the northern edge of Eastern Arabia at the tip of the Persian Gulf, it shares borders with Iraq and Saudi Arabia. , Kuwait has a population of 4.5 million people: 1.3 million are Kuwaitis and 3.2 million are expatriates. Expatriates account for 70% of the population.

Oil reserves were discovered in commercial quantities in 1938. From 1946 to 1982, the country underwent large-scale modernization. In the 1980s, Kuwait experienced a period of geopolitical instability and an economic crisis following the stock market crash. In 1990, Kuwait was invaded, and later annexed, by Saddam's Iraq. The Iraqi occupation of Kuwait came to an end in 1991 after military intervention by a military coalition led by the United States. Kuwait is a major non-NATO ally of the United States. It is also a major ally of ASEAN, while maintaining a strong relationship with China.


Kuwaiti dinar (English)  Dinaro kuwaitiano (Italiano)  Koeweitse dinar (Nederlands)  Dinar koweïtien (Français)  Kuwait-Dinar (Deutsch)  Dinar kuwaitiano (Português)  Кувейтский динар (Русский)  Dinar kuwaití (Español)  Dinar kuwejcki (Polski)  科威特第納爾 (中文)  Kuwaitisk dinar (Svenska)  クウェート・ディナール (日本語)  Кувейтський динар (Українська)  Кувейтски динар (Български)  쿠웨이트 디나르 (한국어)  Kuwaitin dinaari (Suomi)  Dinar Kuwait (Bahasa Indonesia)  Kuveito dinaras (Lietuvių)  Kuwaitiske dinarer (Dansk)  Kuvajtský dinár (Česky)  Kuveyt dinarı (Türkçe)  Кувајтски динар (Српски / Srpski)  Kuvaiti dinár (Magyar)  Δηνάριο Κουβέιτ (Ελληνικά)  Dinar Kuwait (Tiếng Việt)