what is the currency code of Kuwaiti dinar...plz....fast...
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The Kuwaiti dinar (Arabic: دينار, code: KWD) is the currency of Kuwait. It is sub-divided into 1,000 fils. The Kuwaiti dinar is currently the world's highest-valued currency unit per face value
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The Kuwaiti dinar (Arabic: دينار, code: KWD) is the currency of Kuwait. It is sub-divided into 1,000 fils. The Kuwaiti dinar is currently the world's highest-valued currency unit per face value.
The Kuwaiti Dinar was introduced in 1961 to replace the Gulf Rupee. At first it was equivalent to British Pound Sterling. As the Rupee was fixed at 1 shilling 6 pence, this resulted in a conversion rate of 13⅓ Rupees to the Dinar.
When Iraq invaded Kuwait in 1990, the Iraqi Dinar replaced the Kuwaiti Dinar. Coins and a large quantity 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.
To date five series of Kuwaiti Dinar banknotes have been printed. The first series was issued following the pronouncement of the Kuwaiti Currency Law in 1960, which established the Kuwaiti Currency Board. This series was in circulation from April 1, 1961 to February 1, 1982 and consisted of denominations of ¼, ½, 1, 5, and 10 dinars.
Hope it is helpful...
The Kuwaiti Dinar was introduced in 1961 to replace the Gulf Rupee. At first it was equivalent to British Pound Sterling. As the Rupee was fixed at 1 shilling 6 pence, this resulted in a conversion rate of 13⅓ Rupees to the Dinar.
When Iraq invaded Kuwait in 1990, the Iraqi Dinar replaced the Kuwaiti Dinar. Coins and a large quantity 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.
To date five series of Kuwaiti Dinar banknotes have been printed. The first series was issued following the pronouncement of the Kuwaiti Currency Law in 1960, which established the Kuwaiti Currency Board. This series was in circulation from April 1, 1961 to February 1, 1982 and consisted of denominations of ¼, ½, 1, 5, and 10 dinars.
Hope it is helpful...
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