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| Kuwaiti dinar | |||
|---|---|---|---|
| دينار كويتي (Arabic) | |||
| |||
| ISO 4217 Code | KWD (numeric: 414) | ||
| User(s) |  Kuwait
| ||
| 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]
- ↑ "Exchange Rate Policy". www.cbk.gov.kw. Archived from the original on 28 December 2017. Retrieved 14 June 2016.
- ↑ 2.0 2.1 "History of Kuwaiti dinar and why it is the most valuable". Kuwait Times. 23 August 2023. Retrieved 26 February 2024.
- ↑ "Kuwaiti dinar: Symbol of modern Kuwait". Kuwait News Agency (KUNA). 28 March 2011. Retrieved 26 February 2024.
- ↑ "Kuwait's 20 dinar banknote - Arabian Business". Arabian Business. 30 June 2014. Retrieved 26 February 2024.
- ↑ "Top 10 Highest-valued Currencies In The World In 2024". Forbes India. 30 January 2024. Retrieved 26 February 2024.