Kuwaiti Dinar

About The Kuwaiti Dinar: The Strong Currency of Kuwait

Quick Facts About the Kuwaiti Dinar Notes

Country of Origin	Kuwait
Symbol	د.ك
Currency Code	KWD
Nick Names
Minor units	Fils
Denominations (Banknotes)	KD 1⁄4, KD 1⁄2, KD 1, KD 5, KD 10 and KD 20
Motto
Identification Feature	The sixth series notes feature main tourist attractions of Kuwait on the obverse side
Issuing Bank	Central Bank of Kuwait
In Circulation Since	July 6, 1785
INR Exchange Rate	292.1193 🔄

The Kuwaiti dinar is the official currency in Kuwait which is located at the top of the Gulf. The oil sector is a significant contributor to Kuwait's economy, making it one of the wealthiest countries in the world. The word "dinar" originates from the Latin word "denarius”. Currently, the Kuwaiti Dinar is the most valuable currency in the world. The Kuwaiti dinar symbol is د.ك.

The current rate of Kuwaiti dinar is INR (292.1193 🔄) . You can keep an eye on the live kuwaiti dinar value in order to know Kuwaiti dinar Indian price.

History of the Kuwaiti Dinar

The Gulf Rupee was officially phased out in 1961 and replaced with the Kuwaiti Dinar. After the Iraqi invasion of Kuwait in 1990, the Kuwaiti dinar was replaced by the Iraqi dinar as the country's currency. The occupying forces stole a significant amount of cash, both coins and bills, before they left. After the liberation of the country, the Kuwaiti dinar was reintroduced as the official currency of Kuwait, and a new series of banknotes was printed to accompany it.

The first series of Kuwaiti dinars was issued by the Kuwaiti Currency Board in 1960, shortly after the Kuwaiti Currency Law was passed. This series of bills were in circulation from April 1, 1961, all the way through February 1, 1982, and included denominations of quarter dinars, half dinars, one dinar, five dinars, and ten dinars.

The Kuwaiti dinar was tied to a wide variety of currencies between 1975 and 2003. The Kuwaiti Currency Board was responsible for determining which currencies will be included in the currency basket. A rate of 0.29963 USD per dinar was established for the Kuwaiti dinar in the year 2003. This valuation remained in effect until 2007. Then the Kuwaiti dinar was re-pegged to a different basket of currencies.

Countries Accepting the Kuwaiti Dinar

Amount in the Kuwaiti Dinar You Should Carry for Your Trip

It's possible that you'll wind up needing more or less money than you thought while you're exploring Kuwait, and it all depends on what you ultimately want to do there. The total cost of your vacation will be determined by a number of different aspects, such as the price of your transportation to and around your destination, the price of your hotel room, and the cost of the food you consume while you are there.

If you are travelling on a limited budget, you should plan to spend close to 35 KWD per day per person. When you include the cost of private transportation, dining at Michelin-starred restaurants, and staying in hotels with three stars or more, taking a luxury vacation can easily cost more than 175 KWD each day. On the other hand, a trip for two can range anywhere between 70 KWD to 350 KWD.

During any given year, the cost of a single night's stay in Kuwait might fluctuate anywhere from 28 KWD to 112 KWD per person per day. It's possible that your daily transportation costs could range anywhere from 0.30 KWD to 35 KWD per day, depending on whether or not you utilise public transportation or a cab.

Keep an eye on the Kuwaiti dinar currency rate as well as Kuwaiti dinar to USD value in order to have a cost-efficient vacation here.