The Most Valuable Currency of the World

The Most Valuable Currency Of The World


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The Kuwaiti dinar (Arabic: دينار كويتي‎, code: KWD) is the currency of Kuwait. It is sub-divided into 1,000 fils. As of September 2019, the Kuwaiti dinar is the world’s highest-valued currency unit per face value.

The dinar was introduced in 1960 to replace the Gulf rupee, equal to the Indian rupee. It was initially equivalent to one pound sterling. As the rupee was fixed at 1 shilling 6 pence, that resulted in a conversion rate of ​13 1⁄3 rupees to the dinar.

When Iraq invaded Kuwait in 1990, the Iraqi dinar replaced the Kuwaiti dinar as the currency and large quantities of banknotes were stolen by the invading forces. After liberation, the Kuwaiti dinar was restored as the country’s currency and a new banknote series was introduced, allowing the previous notes, including those stolen, to be demonetized.

The coins in the following table were introduced in 1961. The design of all coins is similar and has not changed since they were first minted. On the obverse is a boom ship, with year of minting in both Islamic and Common Era in Arabic. The reverse contains the value in Arabic within a central circle with إمَارَة الكُوَيت (The State of Kuwait in Arabic) above and KUWAIT in English below.

Unlike many other Middle Eastern currencies, Kuwait has a coin worth 0.02 of its main currency unit rather than 0.025 or 0.25.

The 1 fils coin was last minted in 1988.

Central Bank of Kuwait brought the sixth series of Kuwaiti banknotes into circulation on 29 June 2014. Some of the bills are coarse so that the blind can identify them by touch.

Source: Wikipedia
Link: https://en.wikipedia.org/wiki/Kuwaiti_dinar

# 1 KUWAITI DINAR INDIAN RUPEES
# 1 KUWAITI DINAR PAKISTANI RUPEES
# 1 KUWAITI DINAR BANGLADESH TAKA
# 1 KUWAITI DINAR TO INR
# 1 KUWAITI DINAR IN RUPEES TODAY RATE
# 1 KUWAITI DINAR INDIAN MONEY
# 1 KUWAITI DINAR BARABAR
# 1 KUWAITI DINAR IS EQUAL TO HOW MANY INDIAN RUPEES
# 1 KUWAITI DINAR CONVERT INDIAN CURRENCY
# 1 KUWAITI DINAR IN RUPEES PAKISTAN
# 1/4 KUWAITI DINAR IN INDIAN RUPEES
# 20 KUWAITI DINAR NOTE
# 10 KUWAITI DINAR NOTE
# 1/2 KUWAITI DINAR NOTE
# 1 KWD TO INDIAN RUPEES TODAY
# 1 KWD TO INR
# KUWAIT CURRENCY NOTE IN INDIA
# KUWAIT CURRENCY INDIAN RUPEES
# KUWAIT CURRENCY INDIAN MONEY
# KUWAIT CURRENCY IN INDIA 2020
# KUWAIT CURRENCY RATE IN INDIA TODAY
# KUWAIT CURRENCY VALUE
# KUWAIT CURRENCY DINAR
# KUWAIT CURRENCY VIDEO
# KUWAIT CURRENCY NAME
# KUWAIT MONEY TO INDIAN RUPEE
# KUWAIT MONEY VALUE
# KUWAIT MONEY EXCHANGE
# KUWAIT MONEY EXCHANGE IN INDIA
# KUWAIT MONEY RATE TODAY
# KUWAIT MONEY PICTURE
# KUWAIT MONEY VIDEO
# KUWAITI DINAR COUNTRY
# WHY IS THE KUWAITI DINAR SO STRONG

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