Kuwaiti Dinar


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Kuwaiti Dinar

The currency of Kuwait. 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 ?
He stressed that despite the drop in returns of Kuwaiti dinar compared to other currencies, they remain competitive and the Kuwaiti dinar retains its value.
COThe Central Bank has subsequently reverted to the historical process of permitting coverage at the declared rate of customer generated Kuwaiti dinar exchange position only, which in no way restricts the ability of banks to quote Kuwaiti dinar foreign exchange rates either in the interbank market or their own customers,CO it added.
Furthermore, he asserted that the return on Kuwaiti dinar still tops the returns achieved among other currencies as a result of the policies followed by the Central Bank of Kuwait.
So, ultimately the Kuwaiti dinar did not change much but their currency has increased against the dollar.
KUWAIT, Sept 2 (KUNA) -- Exchange rate of the US greenback vis-a-vis the Kuwaiti dinar was unchanged on Tuesday, trading at KD 0.
KUWAIT, Aug 4 (KUNA) -- The exchange rate of the main currencies against the Kuwaiti dinar were remarkably stable on Monday as the US dollar and euro remained unchanged at KD 0,283 and KD 0,380 respectively compared to that of Sunday.
KUWAIT, June 9 (KUNA) -- The five main currencies were stable against the Kuwaiti dinar with the US dollar at KD 0,281, while the Euro was at KD 0,384 in Sunday trade.
84 million Kuwaiti dinar for the second quarter of this year, marking an drop from the 199,000 in losses made during the same time last year.
KUWAIT, May 21 (KUNA) -- The main currencies were stable against the Kuwaiti dinar, said the Central Bank of Kuwait (CBK) on Wednesday, as the US greenback kept to KD 0.
KUWAIT, March 10 (KUNA) -- Exchange rate of the US greenback vis-a-vis the Kuwaiti dinar stabilized, standing at KD 0.
KUWAIT, March 9 (KUNA) -- Exchange rate of the US greenback vis-a-vis the Kuwaiti dinar stabilized, standing at KD 0.
KUWAIT, Feb 6 (KUNA) -- Exchange rate of the US greenback vis-a-vis the Kuwaiti dinar stabilized, standing at KD 0.