About the Kuwaiti Dinar
The Kuwaiti Dinar was introduced in 1961 to replace the Persian Gulf rupee. It was briefly replaced by the Iraqi dinar during the 1990 invasion, but was restored after liberation.
The name 'Dinar' is derived from the ancient Roman coin, the 'denarius'.
Interesting Facts
The World's Most Valuable Currency
The Kuwaiti Dinar consistently holds the title of the world's highest-valued currency unit against the US Dollar, largely due to the country's oil wealth.
A Currency That Rose from the Ashes
After the 1991 liberation, Kuwait demonetized the stolen old notes and introduced a new series, rendering the currency looted by the invading forces worthless.
Symbols of a Nation
Kuwaiti banknotes feature prominent national symbols, including the Kuwait Towers, the Liberation Tower, and traditional dhow sailing ships.
Historical Timeline
The Kuwaiti Dinar is introduced.
Iraq invades Kuwait; the Iraqi dinar replaces the Kuwaiti Dinar.
After liberation, the Kuwaiti Dinar is restored and a new series of banknotes is issued.
The dinar is pegged to the U.S. Dollar.
The peg is switched to a basket of currencies.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- KWD
- Symbol
- د.ك
- Numeric Code
- 414
- Subunit
- Fils (1/1000)
- Introduced
- 1961-04-01
Central Bank
- Name
- Central Bank of Kuwait
- Headquarters
- Kuwait City, Kuwait
- Founded
- 1968
- Current Governor
- Basel A. Al-Haroon (since 2022)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 3.2%
- Interest Rate
- 4.25%
Exchange Rates
What Affects the KWD Exchange Rate?
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