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Kuwait, [a] officially the State of Kuwait, [b] is a country in West Asia and the geopolitical region known as the Middle East.It is situated in the northern edge of the Arabian Peninsula at the tip of the Persian Gulf, bordering Iraq to the north and Saudi Arabia to the south. [14]
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.
Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador El Salvador Marshall Islands Micronesia Palau Panama Timor-Leste Andorra Monaco San Marino Vatican City Kosovo
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.
The dinar (/ d ɪ ˈ n ɑː r /) is the name of the principal currency unit in several countries near the Mediterranean Sea, with a more widespread historical use. The English word "dinar" is the transliteration of the Arabic دينار ( dīnār ), which was borrowed via the Syriac dīnarā from the Latin dēnārius .
Like most other Arab states of the Persian Gulf, Kuwait is an emirate; the emir is the head of state and the ruling Al Sabah family dominates the country's political system. Kuwait's official state religion is Islam, specifically the Maliki school of Sunni Islam. Kuwait is a high-income economy, backed by the world's sixth largest oil reserves.
Telegrams are used mainly for special occasions such as weddings, funerals, graduations, etc. [21] Local offices offer telegrams printed on special decorated paper and envelopes. Jordan: Yes – Jordan Post Company still offers telegram service. Kuwait: Yes – The Ministry of Communications maintains a local and international telegram service ...
Kuwait was also the first country to send aid to isolated mountain villages in Kashmir after the quake of 2005, [201] also offering the largest amount of aid in the aftermath of the quake ($100m). [202] Qatar: 15 December 1971: See Kuwait–Qatar relations. Both countries established diplomatic relations on 15 December 1971. [67]