Kuwaiti Dinar

(redirected from Kuwait Dinar)
Also found in: Dictionary, Thesaurus.
Related to Kuwait Dinar: Iraqi dinar

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Today, I am reading that the price of a vote in Kuwait is 1,000 to 2,000 Kuwait dinars or more.
Agility had already bid about 25.6 million Kuwait dinars ($91.7 million) to acquire a minority stake in KHAC in December, but that offer appears to have been rejected.
The Bahraini agreed to photograph these locations in exchange for twenty thousand Kuwait Dinars. The prosecution had sought the maximum penalty against the three accused, but in particular the Bahraini, pointing out that he "betrayed his country and was overcome by desire for money."
"The 2009 financial year was the tough- est in the company's history, with the big- gest challenge coming from the sharp volatility in several currencies, which ef- fectively cost the Group 38 million Kuwait dinars ($133 million)," Zain Group Chair- man Asaad Al Banwan said.
Inside the victim's stolen wallet was cash in pounds 20, pounds 10 and pounds 5 notes and 15 Kuwait Dinars. His driving licence, national insurance card and credit cards were also stolen.
Sabah al-Ahmad al-Sabah donated 1,000 Kuwait Dinars to every one of his country's 1.2 million citizens along with free food
The bank made 9.6 million Kuwait dinars in the fourth quarter last year, based on Reuters calculations, compared with an estimated profit of 20 million for the period.
The Dow Jones Kuwait Titans 30 Index is also calculated in Kuwait Dinars (KWD), the Dow Jones ASE 100 in Jordanian Dinar (JOD) and the Dow Jones MSM in Omani Rial (OMR).
NBK reported nine-month net profit of 201.5 million Kuwait dinars ($706 million) for the nine months to Sept.
Internationally, Nokia 8 is priced at e1/4599, which converts to Dh2,649 but HMD is selling the Nokia 8 at Dh1,699 in the UAE and Saudi Arabia, 144.9 Kuwait dinars, 177.9 Omani riyals and 184.9 Bahraini dinars.
M3, the broadest measure of money circulating in the economy, hit 20.39 billion Kuwait dinars ($76.83bn) on March 31 compared with 17.14bn dinars a year earlier, the central bank said.

Full browser ?