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Currency history

Kuwaiti dinar

Kuwaiti dinar: a currency still in use.

Dates in use
Still in use; introduction date not established here
Currency code
KWD
Ancestry branch
Indian rupee

Its place in the family

Trace ancestors and descendants ↗

Select a name for its history or a dated connection for its evidence.

Kuwaiti dinar: documented and qualified family connections PREDECESSORS THIS CURRENCY SUCCESSORS Indian rupeeIndian rupee 1961-04-01 · DocumentedDocumented connection · 1961-04-01 Kuwaiti dinarKuwaiti dinar KWD No successor is established here.

The story

The first dinar issue entered circulation on 1 April 1961, replacing what the issuer calls the Indian rupee, under Currency Law/Amiri Decree 41 of 1960. [1]

Turning points

Territorial currency replacement

Kuwait’s dinar replaced the circulating Gulf rupee. CBK calls the predecessor Indian rupee; Bundesbank identifies the external Gulf issue. One rupee converted to 0.075 dinar; inverse is not rounded. [2]

Sources and evidence

  1. Central Bank of Kuwait · First Issue C499 ↗
  2. Central Bank of Kuwait · First Issue; Deutsche Bundesbank · Metadata on the Exchange Rate Statistics, 24 September 2025 C968 ↗

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Cite this page

“Kuwaiti dinar.” The Family Tree of Money. © Field Technologies, Inc. Reader edition 2026-10-13; research dataset v44. https://familytreeofmoney.org/currency/FTM000243.html

Editorial evidence supplement · Download dataset v44

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