Kuwaiti dinar

1 EUR = 0.39031 KWD 1 KWD = 2.562 EUR

1 CHF = 0.31901 KWD 1 KWD = 3.1347 CHF

The Kuwaiti Dinar (Arabic دينار كويتي, DMG Kuwaiti Dinar ) is the currency of Kuwait.

In contrast to many other currencies, the Kuwaiti dinar is a currency of thousands. A Dinar is divided into 1000 fils therefore, while divided, for example, the euro or the U.S. dollar into 100 cents. From dinar banknotes are to ¼, ½, 1, 5, 10 and 20 dinars, as well as coins of 1 (rare), 5, 10, 20, 50 and 100 fils in circulation.

The Kuwaiti Dinar was previously issued in five series:

  • The output of the first series took place after the promulgation of the Law on the Kuwaiti currency in 1960, the Kuwaiti Currency Board established with the Indian rupee and the previously used was withdrawn from circulation. This series was in circulation from April 1, 1961 to February 1, 1982.
  • After the establishment of the Central Bank of Kuwait as the successor institution of the Kuwaiti Currency Board 1970 new banknotes to 1/4, 1/ 2 and 10 dinars were issued from 17 November, followed by the 1 - and 5 dinar notes of the second series on April 20, 1971. This second edition has been withdrawn also on 1 February 1982.
  • After the accession by Sheikh Jabir al -Ahmad al - Jabir al- Sabah, the third series on 20 February 1980 it was launched, initially in the well-known denominations: 1 /4, 1 /2, 1, 5 and 10 dinars. On February 9, 1986, the new 20 dinar note has been introduced. As a result, the state of emergency after the invasion of Iraq in Kuwait, this series was set with effect March 24, 1991 expire. The exchange period for these notes ended on 30 September 1991.
  • After the liberation, the fourth series was issued on 24 March 1991 with the aim, in addition to course set previous series to replace the same date quickly and ensure the country's rapid economic recovery. This fourth series was legal tender until 16 February, 1995.
  • Since April 3, 1994, there is now the fifth series Kuwaiti banknotes, equipped with high-tech security features that are now standard in banknote issue.

Are currently being considered to replace the dinar by a common currency of the Gulf States.

The Kuwaiti Dinar is the most expensive currency in the world.