KWD


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KWD

The ISO 4217 currency code for the Kuwait Dinar.

KWD

ISO 4217 code for the Kuwaiti dinar. It was issued in 1961, replacing the Gulf rupee. It was initially pegged to the British pound. Between 1975 and 2003, it was pegged to a currency basket. In 2003, it shifted the peg to the U.S. dollar. However, Kuwait shifted the peg back to a currency basket in 2007 because the dollar was weak at the time, resulting in high inflation for the dinar.
References in periodicals archive ?
Total credit declined by a net KWD 133 million during the month, according to NBK.
Non-bank financials saw an increase in borrowing, with credit gaining by KWD 15 million.
444 per Sterling Pound, and the rate was unchanged at KWD 0.
The proposed spending figure, which still awaits legislative approval, is 18 per cent lower than the prior year's budget, at KWD 19.
0 per cent y/y with a strong gain of KWD 223 million, though most of it stemmed from lending for the purchase of securities.
Profits before provisions grew by 344 per cent to reach KWD 1.
Non-bank financials saw a decline of KWD 37 million in credit.
Non-bank financials saw an unusual increase of KWD 21 million in credit, despite the deleveraging trend that has characterized the sector over the last few years.
The statement said that Al Madina has sold a plot of land in Abu Dhabi in the UAE 'in order to begin the implementation of the first phase of the settlement with Boubyan Bank, accordingly the bank is bearing the remaining liability related to the land amounting to KWD 1,203,451, reducing the company's liability by this amount.
Kuwait's current account surplus eased slightly to KWD 20.
Emad Al-Thaqeb, Chairman of Warba Bank, announced that Warba has posted operating income of KWD 3.
Minister of Electricity Mohammed Shaker said the cost of the South Helwan station is EGP 15bn, co-financed by the World Bank with a loan of about $500m, the Islamic Development Bank with $450m, the Arab Fund with KWD 55m, the Kuwait Fund for Arab Economic Development with KWD 30m, and the African Development Bank with $90m.