Convert Iraqi Dinar to Kuwaiti Dinar
Convert Iraqi Dinar (IQD) to Kuwaiti Dinar (KWD) using daily updated exchange rates.
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Exchange Rate
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About Iraqi Dinar
The Iraqi Dinar (IQD) is the official currency of Iraq, one of the world's largest oil producers with reserves comparable to Saudi Arabia's. The dinar was introduced in 1932, replacing the Indian rupee. The Central Bank of Iraq manages monetary policy with a quasi-peg to the US Dollar. The dinar underwent a reissue in 2003 following the fall of Saddam Hussein's government, replacing both the "Swiss" dinar used in Kurdistan and the Saddam-era dinar at various exchange rates.
About Kuwaiti Dinar
The Kuwaiti Dinar (KWD) consistently holds the title of the world's highest-valued currency unit by exchange rate - 1 Kuwaiti Dinar is currently worth approximately 3.25 US Dollars. Introduced in 1961 when Kuwait gained independence from Britain, it replaced the Gulf rupee. Kuwait is a small but immensely wealthy Gulf state with the world's sixth-largest proven oil reserves relative to its size, generating enormous per capita wealth. The Central Bank of Kuwait manages the dinar, which is pegged to an undisclosed basket of currencies.
Quick Reference Table
| Iraqi Dinar (IQD) | Kuwaiti Dinar (KWD) |
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).