Kuwaiti Dinar


Also found in: Dictionary, Thesaurus, Acronyms, Wikipedia.

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 explained that all those factors favour local currency investments, and expected consistent gradual improvement in returns on Kuwaiti dinars.
42 million Kuwaiti dinars for terminating leasing agreements for four aircraft from International Lease Finance Corp (ILFC) and AerCap Aviation Solutions.
Trading and Contracting Co worth 114 million Kuwaiti Dinars (US$ 377.
The ministry will sign an agreement for a loan of 30 million Kuwaiti dinars ($108 million) with the Kuwait-based AFESD and another 375 million Saudi
Abdelwahab Ahmed Al-Badr added that the Kuwait Fund will, under these agreements, finance a development project on the transmission of electricity worth 20 million Kuwaiti dinars, as well as a high-speed train project, with a contribution of 40 million Kuwaiti dinars.
MANAMA: Zain Group said yesterday that net income for the first nine months jumped 411 per cent on year to 976 million Kuwaiti dinars ($3.
Shares worth about 16 million Kuwaiti Dinars (Dh195 million) were traded, contributing to 40 per cent of the trading volumes.
The second draft law nA 27-2014 concerns the authorisation to the state to subscribe to the increase of the capital of the Arab Investment and Export Guarantee Corporation, for 625,000 Kuwaiti dinars (some 3,676.
7mn in 2007 to less than one million Kuwaiti Dinars in 2008, was the major non-operating account that caused such a decline in the net income.
Dubai: Mezzan Holding, which is slated to list on Thursday on the Kuwait Stock Exchange, is studying a water manufacturing and distribution company for acquisition, would not want to buy anything more than 20 million Kuwaiti Dinars (Dh243 million), its chief executive told Gulf News.
TUNIS (TAP) - The National Constituent Assembly (NCA) approved on Friday, at a plenary session, a draft law on a loan agreement between Tunisia and the Kuwaiti Fund for Arab Economic Development worth 25 million Kuwaiti dinars, that is 140 million Tunisian dinars.
7 Kuwaiti dinars per share for a 46 percent stake in Zain in a deal worth just under $12 billion.