Currency Information on Kuwait Dinar - KWD — Kuwaiti dinar - ك or K.D.
Replacing the Gulf rupee at a rate of 13 ½ rupees to 1 dinar, in 1960, the Kuwaiti dinar was originally equal to one pound sterling.
In 1990, Kuwait was invaded by Iraq and a large portion of the currency was stolen, being replaced with Iraqi dinar, after this, the Kuwaiti dinar was reinstated and re-issued, meaning that the stolen banknotes became demonetised.
Coins are available in denominations of 5, 10, 20, 50 and 100 fils, whilst banknotes are in circulation in denominations of 1⁄4, 1⁄2, 1, 5, 10 and 20 dinars.
Given the current crisis in my country, I was forced to move abroad to find a better financial life. I’ve been living and working in a good UK job for two years now. Although my wife and children came with me I send money to my relatives in Greece very often. Every time I do so I make sure I'm getting a good currency exchange deal by checking online how to send money abroad at the best rates.
Comment written by Kostas Skordas Architect.
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