Kuwaiti dinar | |||
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دينار كويتي (Arabic) | |||
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ISO 4217 Code | KWD (numeric: 414) | ||
User(s) | ![]() | ||
Inflation | 3.15% | ||
Source | Bank of AmericaThe World Factbook, 2017 est. | ||
Pegged with | Undisclosed currency basket[1] $1 USD = 0.29963 KD | ||
Subunit | |||
1⁄1,000 | fils | ||
Symbol | د.ك or KD | ||
Coins | 1, 5, 10, 20, 50, 100 fils | ||
Banknotes | ¼, ½, 1, 5, 10, 20 dinars | ||
Freq. used | KD 1⁄4, KD 1⁄2, KD 1, KD 5, KD 10, KD 20 | ||
Central bank | Central Bank of Kuwait | ||
Website | www.cbk.gov.kw |
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 on April 11, 1961.[2][3]
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.[4] The Kuwaiti dinar is divided into 1000 fils. The Kuwaiti dinar has the highest exchange rate in the world. As of 2023, the Kuwaiti dinar remains the world's most valuable currency, with an exchange rate of 1 KWD = 3.25 USD.[2][5]