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 ?
Sabah al-Ahmad al-Sabah donated 1,000 Kuwait Dinars to every one of his country's 1.
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).
5 million Kuwait dinars ($706 million) for the nine months to Sept.
61 million Kuwait Dinars signifying 10 percent of the total cost of the project, while the Liberian government would account for the remaining of the cost.
Remittances in UAE dirhams, Qatar riyals, Saudi riyals, Bahrain dinars, Kuwait dinars and Oman riyals increased in value when converted to Indian rupees, fetching more income for beneficiaries of remittances.
In June, two men were arrested following the seizure of 100 kilograms of hashish worth an estimated 2 million Kuwait dinars (Dh25 million).
24 million Kuwait dinars while its revenues also increased by 11 per cent to 314.
In the report, Al Qabas said that one MP received 17 million Kuwait dinars ($61,347,500) and the second 8 million dinars ($28,869,400) over a period of few days, causing concerns within the bank.

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