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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.
Kuwait was the world's biggest exporter of sulfonated, nitrated and nitrosated hydrocarbons in 2019. [121] Kuwait was ranked 63rd out of 157 countries in the 2019 Economic Complexity Index (ECI). [121] Iraq was Kuwait's leading export market in 2019 and food/agricultural products accounted for 94.2% of total export commodities. [122]
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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.
All examples use example date 2021-03-31 / 2021 March 31 / 31 March 2021 / March 31, 2021 – except where a single-digit day is illustrated. Basic components of a calendar date for the most common calendar systems: D – day; M – month; Y – year; Specific formats for the basic components: yy – two-digit year, e.g. 24; yyyy – four-digit ...
Other events of 1995 List of years in Kuwait Timeline of Kuwaiti history: Events from the year 1995 in Kuwait. Incumbents. Emir: Jaber Al-Ahmad Al-Jaber Al-Sabah;
Since January 2021, Kuwait has been experiencing its worst political crisis in many decades. [249] [250] Kuwait is also facing a looming debt crisis according to various media sources. [251] [252] [242] Kuwait is widely considered the region's most oil-dependent country with the least amount of economic diversification.
On February 21, 2008, the Kuwaiti Parliament approved a monthly pay rise of 120 Kuwaiti dinars (KWD) ($440) for nationals working in the public and private sectors after inflation rose to 7.3%, the highest level in 16 years.