The Kuwaiti Dinar is currently the official currency of Kuwait. Officially introduced in 1961, the Kuwaiti Dinar replaced the older Gulf Rupee. At first, it was equivalent to British Pound Sterling - as the Gulf Rupee was fixed at 1 shilling 6 pence, this resulted in a conversion rate of 13⅓ Rupees to the Dinar. When Iraq invaded Kuwait in 1990, the Iraqi Dinar replaced the Kuwaiti Dinar. Coins and a large quantity 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. The Kuwaiti Dinar is administered by the Central Bank of Kuwait, and is usually abbreviated to ‘KWD’ or ‘دينار’.
You can purchase KWD in India, by converting Indian Rupees to Kuwaiti Dinar, in the form of currency notes of following denominations: 1, 5, 10 and 20 dinars. The currency notes feature artwork that depicts objects, locations, landmarks and motifs of historical significance. To date, five series of Kuwaiti Dinar banknotes have been printed.
The Kuwaiti Dinar is commonly used in international foreign exchange transactions, and is available in India. DoorstepForex.com offers the best foreign exchange rates for the KWD across all the major cities of India. Whether you are planning a trip to Kuwait or are just returning back from there, get the best exchange rates for Kuwaiti Dinars. We also have some add-ons for you in this deal to add to your happiness – Along with the best forex rates, you can also avail advantage of several never before forex offers.
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