Kuwaiti Dinar

Kuwaiti Dinar

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Description

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The dinar (Arabic:, ISO 4217 code KWD) is the currency of Kuwait. It is sub-divided into 1000 fils. It is the highest-valued currency unit in the world. The dinar was introduced in 1965 to replace the Gulf rupee. It was initially equivalent to one pound sterling. As the rupee was fixed at 1 shilling 6 pence, this resulted in a conversion rate of 13 rupees to the dinar. When Iraq invaded Kuwait in 1990, the Iraqi dinar replaced the Kuwaiti dinar as the currency and large quantities of banknotes were stolen by the invading forces. After liberation, the Kuwaiti dinar was restored as the country's currency and a new banknote series was introduced, allowing the previous notes, including those stolen, to be demonetized.show more

Product details

  • Paperback | 76 pages
  • 152 x 229 x 5mm | 122g
  • Duc
  • United States
  • English
  • 6135672630
  • 9786135672633