Kuwaiti Dinar (KWD)

The Kuwaiti dinar (KWD) is the currency of Kuwait. It is divided into 1,000 fils. The dinar is pegged to a basket of currencies, which includes the US dollar, the euro, and the British pound. The dinar is the highest-valued currency in the world, with a value of approximately $3.30 per dinar.

The Kuwaiti dinar was introduced in 1960, replacing the Gulf rupee. The dinar was initially pegged to the British pound, but was later pegged to the US dollar. The dinar was devalued in 1986, and again in 1990. The dinar was revalued in 2003, and has been pegged to a basket of currencies since then.

The Kuwaiti dinar is used in Kuwait, as well as in some other countries in the Persian Gulf region. The dinar is a popular currency for trading oil, as it is seen as a stable and reliable currency.

The Kuwaiti dinar is issued by the Central Bank of Kuwait. The Central Bank of Kuwait is responsible for managing the country's monetary policy, and for issuing and circulating the dinar.

The Kuwaiti dinar is a strong currency, and is considered to be one of the most stable currencies in the world. The dinar is a popular currency for trading oil, and is also used as a reserve currency by many central banks.