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.
Over a year ago we expanded our IT company and opened a new office in the UK. We have two offices in Europe now; we need to send money abroad very often, from Portugal to the UK and from the UK to Portugal. Knowing how to send money internationally in a safe way is therefore a crucial need for us on a weekly basis.
Comment written by Tiago Goncalves Director of an it Company.
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