Convert Kuwaiti Dinar to Iraqi Dinar
Please provide values below to convert Kuwaiti Dinar [KWD] to Iraqi Dinar [IQD], or Convert Iraqi Dinar to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Iraqi Dinar
1 KWD = 0.000233191611271569 IQD
Example: convert 15 KWD to IQD:
15 KWD = 15 × 0.000233191611271569 IQD = 0.00349787416907354 IQD
Kuwaiti Dinar to Iraqi Dinar Conversion Table
| Kuwaiti Dinar | Iraqi Dinar |
|---|
Kuwaiti Dinar
The Kuwaiti Dinar (KWD) is the official currency of Kuwait, used as the country's legal tender for all transactions.
History/Origin
The Kuwaiti Dinar was introduced in 1960, replacing the Gulf rupee at par. It was initially pegged to the British pound and later to the US dollar, maintaining a stable and strong currency due to Kuwait's oil wealth.
Current Use
Today, the Kuwaiti Dinar remains one of the highest-valued currencies globally, widely used within Kuwait for all financial transactions and recognized for its stability and strength in international markets.
Iraqi Dinar
The Iraqi Dinar (IQD) is the official currency of Iraq, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Iraqi Dinar was introduced in 1932, replacing the Indian Rupee, and has undergone various redenominations and reforms, especially following periods of economic instability and conflict.
Current Use
Today, the IQD is the official currency of Iraq, used in all financial transactions, with the Central Bank of Iraq managing its issuance and regulation.