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Kuwaiti Dinar

Kuwaiti Dinar Rates

For a live quote on the Kuwaiti Dinar, simply fill in your details on the form above and an FSA-regulated currency expert will be in touch with a competitive quote.


Latest Kuwaiti Dinar Exchange Rate News

Please see our news section for the latest currency news affecting worldwide exchange rates. You can also visit our dedicated page on money transfers to Kuwait, including timescales and information needed to make your transfer.


Overview - KWD

The dinar was introduced in 1961 to replace the Gulf rupee. It was initially equivalent to one British pound. As the rupee was fixed at 1shilling 6 pence, this resulted in a conversion rate of 13? 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. To date five series of the Kuwaiti dinar banknote have been printed. The fifth series has been in use since 3 April 1994 and includes high-tech security measures which have now become standard for banknotes.


From March 18, 1975 to January 4, 2003 the dinar was pegged to a weighted currency basket. From January 5, 2003 until May 20, 2007, the pegging was switched to 1 U.S. dollar = 0.29963 dinar with margins +/-3.5%. The central rate translates to approximately 1 dinar = 3.33745 dollars. From June 16, 2007, the Kuwaiti dinar was re-pegged to a basket of currencies, and is now worth about US$3.609 making it the world's highest-valued currency unit.