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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 first quarter of 2023 saw the highest spending (1.36 billion dinars), followed by the second (1.01 billion dinars), third (1.15 billion dinars), and the fourth (870 million dinars), making it the year with the highest spending on travel by Kuwaiti citizens since the outbreak of the COVID-19 pandemic. Moreover, spending by foreign tourists ...
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 .
The Bahraini dinar was introduced in 1965, replacing the Gulf rupee at a rate of 10 rupees = 1 dinar. It was initially equivalent to 3 ⁄ 4 of a pound sterling (15 shillings). When sterling was devalued in 1967, the dinar was repegged to 17s 6d sterling (7 ⁄ 8 of a pound). Bahraini coins and notes were introduced at that time.
He was sentenced to a total of 14 years in prison, with seven years allocated for each offense. In addition, Al-Sabah was fined 20 million Kuwaiti dinars (approximately 65 million USD) and required to pay restitution of 10 million Kuwaiti dinars (around 33 million USD), the amount he was found to have embezzled. [1] [2]
The weight of the dinar is 1 mithqal (4.25 grams or 0.137 troy ounces). The word dinar comes from the Latin word denarius, which was a silver coin. The name "dinar" is also used for Sasanid, Kushan, and Kidarite gold coins, though it is not known what the contemporary name was. The first dinars were issued by the Umayyad Caliphate. Under the ...
It is known to be one of the areas where the wealthiest of the families of Kuwait live alongside Faiha, Shuwaikh, Nuzha, Kaifan, Khaldiya, Adailiya, and Shamiyah. Lands in this area range from 750 to 1250 square metres and as of the early 2000s, the average worth of a 1000 square metre piece of land is between 1 and 2 million Kuwaiti dinars ...
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.