


KWD information
About Kuwaiti Dinar (KWD)
The Kuwaiti Dinar (KWD), introduced in 1961, is not merely the official currency of Kuwait; it is a symbol of the nation's economic strength and stability. It is commonly abbreviated as KWD and represented by the symbol د.ك. With its high value, the Dinar reflects Kuwait's significant oil wealth and its role as a key player in the global energy market.
Historical Background
The introduction of the Kuwaiti Dinar coincided with Kuwait’s independence from British protection. It replaced the Gulf Rupee and marked a new era of monetary sovereignty, mirroring the country’s newfound political independence. The Dinar was initially pegged to the British Pound and later to a basket of currencies, reflecting Kuwait's strong international trade relations.
Design and Symbolism
The design of the Kuwaiti Dinar combines elements of Kuwait’s rich history, cultural heritage, and modern achievements. Banknotes feature images of key landmarks, traditional dhow sailing ships, and contemporary architectural marvels. These designs serve as a testament to Kuwait’s journey from a small trading post to a modern, prosperous nation.
Economic Role
The Dinar plays a crucial role in Kuwait’s economy, which is heavily reliant on oil exports. As one of the world’s strongest currencies, it underpins domestic economic stability and facilitates international trade. The Dinar's strength is a key factor in Kuwait's economic resilience and its ability to attract foreign investment.
Monetary Policy and Stability
Managed by the Central Bank of Kuwait, the Dinar benefits from prudent monetary policies aimed at maintaining its high value and stability. Kuwait's vast foreign exchange reserves, largely accrued from oil revenues, bolster the currency's strength, providing a buffer against economic fluctuations.
The Dinar in International Trade
In international trade, the strength of the Kuwaiti Dinar is a double-edged sword. While it signifies economic might, it can also affect the competitiveness of non-oil exports. Balancing the Dinar's value is crucial for maintaining a healthy trade balance.
Remittances and the Economy
Remittances play a role in Kuwait’s economy, with a significant expatriate population sending earnings in Dinars to their home countries. These outflows are an important aspect of the currency's circulation in the global financial system.
GAFI to KWD conversion rate trend
GAFI to KWD market statistics
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Current GAFI to KWD exchange rate
GameFi.org to Kuwaiti Dinar is rising this week.GAFI to KWD Conversion tables
The exchange rate of GameFi.org is decreasing.GAFI to KWD
KWD to GAFI
GAFI to KWD Today vs. 24 hours ago
Amount | 12:59 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 GAFI | د.ك0.2103 | د.ك0.2041 | +3.00% |
1 GAFI | د.ك0.4205 | د.ك0.4083 | +3.00% |
5 GAFI | د.ك2.1 | د.ك2.04 | +3.00% |
10 GAFI | د.ك4.21 | د.ك4.08 | +3.00% |
50 GAFI | د.ك21.03 | د.ك20.41 | +3.00% |
100 GAFI | د.ك42.05 | د.ك40.83 | +3.00% |
500 GAFI | د.ك210.26 | د.ك204.14 | +3.00% |
1000 GAFI | د.ك420.51 | د.ك408.27 | +3.00% |
GAFI to KWD Today vs. 1 month ago
Amount | 12:59 today | 1 month ago | 1M change |
---|---|---|---|
0.5 GAFI | د.ك0.2103 | د.ك0.2722 | -22.75% |
1 GAFI | د.ك0.4205 | د.ك0.5444 | -22.75% |
5 GAFI | د.ك2.1 | د.ك2.72 | -22.75% |
10 GAFI | د.ك4.21 | د.ك5.44 | -22.75% |
50 GAFI | د.ك21.03 | د.ك27.22 | -22.75% |
100 GAFI | د.ك42.05 | د.ك54.44 | -22.75% |
500 GAFI | د.ك210.26 | د.ك272.22 | -22.75% |
1000 GAFI | د.ك420.51 | د.ك544.44 | -22.75% |
GAFI to KWD Today vs. 1 year ago
Amount | 12:59 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 GAFI | د.ك0.2103 | د.ك1.53 | -86.24% |
1 GAFI | د.ك0.4205 | د.ك3.06 | -86.24% |
5 GAFI | د.ك2.1 | د.ك15.29 | -86.24% |
10 GAFI | د.ك4.21 | د.ك30.57 | -86.24% |
50 GAFI | د.ك21.03 | د.ك152.87 | -86.24% |
100 GAFI | د.ك42.05 | د.ك305.75 | -86.24% |
500 GAFI | د.ك210.26 | د.ك1,528.73 | -86.24% |
1000 GAFI | د.ك420.51 | د.ك3,057.46 | -86.24% |
How to convert GAFI to KWD



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