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The Kuwaiti dinar (Arabic: دينار كويتي , code: KWD) is the currency of Kuwait.It is sub-divided into 1,000 fulūs. [2]As of 2023, the Kuwaiti dinar is the currency with the highest value per base unit, with KD 1 equalling US$3.26, [3] ahead of the Bahraini dinar with BD 1 equalling US$2.65 and Omani rial at US$2.60.
The economy of Kuwait is a wealthy petroleum-based economy. [15] Kuwait is one of the richest countries in the world. [16] [17] [18] The Kuwaiti dinar is the highest-valued unit of currency in the world. [citation needed] According to the World Bank, Kuwait is the fifth richest country in the world by gross national income per capita. [19]
Kuwait, [a] officially the State of Kuwait, [b] is a country in West Asia. ... [337] [338] The Kuwaiti dinar is the highest-valued unit of currency in the world. [339]
Present currency ISO 4217 code Country or dependency (administrating country) Currency symbol Algerian dinar: DZD Algeria: دج (Arabic) or DA (Latin) Bahraini dinar [1] BHD Bahrain.د.ب [2] Iraqi dinar [3] IQD Iraq: ع.د [4] Jordanian dinar [5] JOD Jordan: ينار [6] Kuwaiti dinar [7] KWD Kuwait: ك [7] Tunisian dinar: TND Tunisia
The Central Bank of Kuwait (CBK; Arabic: بنك الكويت المركزي) [3] is the central bank of Kuwait.It offers a strict currency system on behalf of the state. The bank regulates Kuwaiti stock market along with the Kuwait Stock Exchange, the Ministry of Commerce and Industry and the Ministry of Finance.
Kuwait City (Arabic: مدينة الكويت, romanized: Madinat al-Kuwayt) is the capital and largest city of Kuwait.Located at the heart of the country on the south shore of Kuwait Bay on the Persian Gulf, it is the political, cultural and economic center of the emirate, containing Kuwait's Seif Palace, government offices, and the headquarters of most Kuwaiti corporations and banks.
The board of the council, which set a timetable and action plan for establishing a central bank and chose a currency regime, met for the first time on 30 March 2010. Kuwaiti foreign minister Mohammad Sabah Al-Sabah said on 8 December 2009 that a single currency may take up to ten years to establish. Oman and the UAE later announced their ...
The Gulf rupee (Arabic: روبية خليجية) was the official currency used in the British protectorates of the Arabian Peninsula that are around the Persian Gulf between 1959 and 1966 (1970 Oman). These areas today form the countries of Kuwait, Bahrain, Qatar, Oman, and the United Arab Emirates. It was issued by the Government of India and ...