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To the middle of the 20th century, the Indian rupee was also used as the official currency in the emirates on the eastern Arabian Peninsula, namely Kuwait, Bahrain, Qatar, the Trucial States, and Oman. That meant, in effect, that the Indian rupee was the common currency in those territories as well as in India.
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.
Present currency ISO 4217 code Country or dependency ... Indian Rupee [27] INR India ... Kuwaiti dinar [41] KWD
4.5 Indian Rupee as exchange rate anchor. 4.6 Other. ... Currency band; Exchange rate; Exchange rate regime; ... Kuwait Syria Liberia ...
In summary, the currency units used in Israel, Jordan, Iraq, Kuwait, Oman, and the Yemen are all descended from the pound sterling unit, and the Bahraini dinar partially so, whereas the currency unit that was first used in Qatar and Dubai in 1966 replaced the Indian rupee at its pre-devaluation exchange rate.
The Indian rupee was the official currency of Dubai and Qatar until 1959, when India created a new Gulf rupee (also known as the "external rupee") to hinder the smuggling of gold. [14] The Gulf rupee was legal tender until 1966, when India significantly devalued the Indian rupee and a new Qatar-Dubai riyal was established to provide economic ...
International dollar – hypothetical currency pegged 1:1 ... French Indian rupee – French India; Gulf rupee – Bahrain, Kuwait, ... Indian rupee (रुपया ...
Gulf rupee; K. Kuwaiti dinar This page was last edited on 1 April 2019, at 01:58 (UTC). Text is available under the Creative Commons Attribution ...
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