Convert Kuwaiti Dinar to Kazakhstani Tenge
Please provide values below to convert Kuwaiti Dinar [KWD] to Kazakhstani Tenge [KZT], or Convert Kazakhstani Tenge to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Kazakhstani Tenge
1 KWD = 0.000571152639888448 KZT
Example: convert 15 KWD to KZT:
15 KWD = 15 × 0.000571152639888448 KZT = 0.00856728959832671 KZT
Kuwaiti Dinar to Kazakhstani Tenge Conversion Table
| Kuwaiti Dinar | Kazakhstani Tenge |
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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.
Kazakhstani Tenge
The Kazakhstani Tenge (KZT) is the official currency of Kazakhstan, used for all monetary transactions within the country.
History/Origin
Introduced in 1993 following Kazakhstan's independence from the Soviet Union, the Tenge replaced the Soviet ruble and has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Tenge is actively used in Kazakhstan for everyday transactions, banking, and trade, and is managed by the National Bank of Kazakhstan. It features modern security features and is available in both cash and digital forms.