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LOCAL CURRENCY IN KUWAIT

Want to know how much is your money worth in Kuwait? The local money in Kuwait is called Dinar.

The Kuwaiti Dinar is issued and managed by the Central Bank of Kuwait. To find out the current currency exchange rates for Dinar to other major currencies of the world, click on foreign currency rates.

Kuwaiti Currency Information
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The currency used in Kuwait is called as the Dinar. This currency is denoted with the currency sign ?.? or K.D. and the ISO 4217 Code for the Kuwaiti Dinar is KWD. The Dinar, is the official currency of the Kuwait . It is divided into 100 smaller units called fils.

The constitution of Kuwait provides that the Kuwait government shall have the power to print the Kuwaiti Dinar and fils coins to be used as a legal tender in Kuwait. The Kuwaiti Dinar bank notes and Fils coins are both designated as "legal tender" in payment of debts.

The Kuwaiti Dinar bill uses the decimal system, consisting of 100 equal units.

The symbol ?.? or K.D., usually written before the numerical amount, is used for the Kuwaiti Dinar.

Currently printed bank notes denominations are ¼, ½, 1, 5, 10, 20 dinars and the coins are minted in the denominations of 5, 10, 20, 50, 100 fils .

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How Does Balance of Trade and Investment Affect the Value of the Kuwaiti Dinar
Financial analysts regularly cite the balance of trade and investment in Kuwait as the most important influence on the value of the Dinar. The difference between what the Kuwait exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Dinar exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Dinar exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Kuwaiti Dinar.
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