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 dinar was introduced in 1961 to replace the Gulf rupee, equal to the Indian rupee. It was initially equivalent to £1 sterling.[4] As the rupee was fixed at 1s. 6d., that resulted in a conversion rate of Rs. 131⁄3 to KD 1.[5] 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.[6] 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.[5] The coins in the following table were introduced in 1961. The design of all coins is similar and has not changed since they were first minted. On the obverse is a boom ship, with year of minting in both Islamic and Common Era in Arabic. The reverse contains the value in Arabic within a central circle with الكُوَيت (Arabic for The Kuwait) above and KUWAIT in EnKuwaiti dinar
دينار كويتي (Arabic) 
1 Dinar banknote of Kuwait (sixth edition)ISO 4217 Code KWD (numeric: 414) Subunit 0.001 Unit Symbol د.ك or KD Denominations Subunit 1⁄1,000 fils Banknotes Freq. used KD 1⁄4, KD 1⁄2, KD 1, KD 5, KD 10, KD 20 Coins Freq. used 5, 10, 20, 50, 100 fulūs Demographics User(s) 
KuwaitIssuance Central bank Central Bank of Kuwait Website www Valuation Inflation 3.15% Source The World Factbook, 2017 est. Pegged with Undisclosed currency basket[1]
$1 USD = 0.29963 KDHistory[edit]
See also: British currency in the Middle EastCoins[edit]