The Kuwaiti dinar (دينار, code: KWD) is the currency of Kuwait. It is sub-divided into 1,000 fils. The Kuwaiti dinar is currently the world's highest-valued currency unit per face value.
The dinar was introduced in 1968 to replace the Gulf rupee, equal to the Indian rupee. It was initially equivalent to one pound sterling. As the rupee was fixed at 1 shilling 6 pence, that resulted in a conversion rate of 13 1⁄3 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.
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 إمَارَة الكُوَيت (The State of Kuwait in Arabic) above and KUWAIT in English below.
Unlike many other Middle Eastern currencies, Kuwait has a coin worth 0.2 of its main currency unit rather than 0.25.
The 1 fils coin was last minted in 1988.
Six series of the Kuwaiti dinar banknote have been printed.
The first series was issued following the pronouncement of the Kuwaiti Currency Law in 1960, which established the Kuwaiti Currency Board. This series was in circulation from 1 April 1961 to 1 February 1982 and consisted of denominations of 1⁄4, 1⁄2, 1, 5 and 10 dinars.