Kuwaiti Dinar- The strongest currency of the world

Описание: Check out the Kuwaiti Dinar Banknotes.

The Kuwaiti dinar (Arabic: دينار كويتي‎, code: KWD) is the currency of Kuwait. It is sub-divided into 1,000 fils.

As of June 2021, the Kuwaiti dinar is the strongest circulating currency, with one Kuwaiti dinar equalling 3.32 United States dollars, which is just in front of the Bahraini dinar with one Bahraini dinar equalling 2.65 United States dollars.

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.

Central bank: Central Bank of Kuwait
Website: www.cbk.gov.kw

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

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