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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.
1 Bahraini dinar = 1000 fulūs (or 1 fils = 1 ⁄ 1000 Bahraini dinar) 1 Emirati dirham = 100 fulus; 1 Iraqi dinar = 1000 fulūs; 1 Jordanian dinar = 1000 fulūs [2] 1 Kuwaiti dinar = 1000 fulūs; 1 Yemeni rial = 100 fulūs [3]
Dinar [29] Iraqi dinar [31] IQD Iraq: ع.د [32] Fils [31] Israeli new shekel [33] ILS Israel ₪ [33] [34] Agora [33] [34] Yen [35] JPY Japan ¥ [35] [36] Sen [35] Jordanian dinar [37] JOD Jordan: ينار [38] Qirsh [37] Kazakhstani tenge [39] KZT Kazakhstan: Tiin [39] Kuwaiti dinar [40] KWD Kuwait: ك [40] Fils [40] Kyrgyzstani som [41] KGS ...
The Kuwaiti government relied on the KIA to pay for coalition expenses and postwar reconstruction. [48] The KIA was worth $100 billion prior to 1990, KIA funds were depleted to $40–$50 billion after the Gulf War. In July 2023, Kuwait plans to create a new sovereign fund, Ciyada, in partnership with the Kuwait Investment Authority (KIA).
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 .
In 1949, banknotes were issued by the Jordan Currency Board in denominations of 1 ⁄ 2, 1, 5, 10 and 50 dinars. They bore the country's official name, "The Hashemite Kingdom of the Jordan". [5] 20 dinar notes were introduced in 1977. The 50 dinar note was redesigned and the 1 ⁄ 2 dinar notes were replaced by coins in 1999.
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. The decision was also made to raise the pay of foreigners employed by the government by 50 KWD ($184). [citation needed]
The Kuwait Airways headquarters is located on the grounds of Kuwait International Airport in Al Farwaniyah Governorate, Kuwait. The 42,000 square metres (450,000 sq ft) head office was built for 15.8 million Kuwaiti dinars (US $ 53.6 million). Ahmadiah Contracting & Trading Co. served as the main contractor.