Kuwait Currency
The Kuwaiti Dinar is Kuwait's official currency. The dinar is sub divided into 1000 fils. It was established in 1960 and replaced the Gulf Rupee in 1961. The dinar was initially equivalent to one pound sterling. As the rupee was fixed at 1 shilling 6 pence, this resulted in a conversion rate of 13 1/3 rupees to the dinar. As of July 15, 2005, the Kuwaiti dinar was worth 2.84334 Euros. and 3.42407 USD making it the world's highest valued currency unit.

Quarter of a dinar (250 Fils), Half a dinar (500 Fils), 1 Dinar (1000 Fils), 5 dinar, 10 Dinar and 20 Dinar are the banknotes that are produced.

The various denominations of Kuwaiti coins have been put into circulation effective Saturday, April 1st, 1961. These coins have retained their designed technical specifications since inception. The coins that are produced are 1 Fils (very rare), 5 Fils, 10 Fils, 20 Fils, 50 Fils, 100 Fils. 

To date five series of the Kuwaiti Dinar have been minted:

The first series was issued following the Kuwaiti Currency Law in 1960 which  established the Kuwaiti Currency Board and which declared that the Indian rupee, which had been used until this time, was no longer legal currency. This series was in circulation from 1 April, 1961 to 1 February, 1982.

After the creation of the Central Bank of Kuwait as a replacement to the Kuwait Currency Board, new 1/4, 1/2 and 10 Dinar notes were issued from 17 November, 1970, followed by the new 1 and 5 Dinar notes of the second series on 20th April, 1971. This second series was like wise withdrawn on 1 February, 1982.

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