According to Google, the Kuwaiti Dinar (KWD) is the world’s highest-valued currency unit.
Hello, there! I’m gonna be talking about the Kuwaiti Dinar today because I’m extremely homesick and this is to educate the ones that know so little about Kuwait. Some may already stereotype Arabs as very rich, but Kuwaitis? Maaaaan, Kuwaitis aren’t just very rich. No, no. There’s a difference between very rich and Kuwaiti rich. Why? It’s pretty much because of the oil. Although Kuwait may not be the world’s leading exporter of oil, they still hold the world’s highest-valued currency unit.
In this blog post, I will compare the mighty Kuwaiti Dinar with different currencies so you, dear reader, may get the idea of just how mighty it is.
***Take note that all the currency exchange rates that are written below are as of May 23, 2012 according to Google.
There are five bank note series of the Kuwaiti Dinar: 1/4, 1/2, 1, 5, 10 and 20. In 1 dinar, there are 1,000 fils which is the coin currency of Kuwait. There are also five series of coins in the Kuwaiti Dinar: 100 fils, 50 fils, 20 fils, 10 fils, and 5 fils. There used to be 1 fil but they stopped issuing it.
This is the Ruba Kuwaiti Dinar and as it shows, it is 1/4 of 1 Kuwaiti Dinar.
(1/4) Kuwaiti dinar = 38.8185727 Philippine pesos
(1/4) Kuwaiti dinar = 3.28263369 United Arab Emirates dirhams
(1/4) Kuwaiti dinar = 0.89372 U.S. dollars
(1/4) Kuwaiti dinar = 0.706665612 Euros
(1/4) Kuwaiti dinar = 0.568958492 British pounds
(1/2) Kuwaiti dinar = 77.6371455 Philippine pesos
(1/2) Kuwaiti dinar = 6.56526738 United Arab Emirates dirhams
(1/2) Kuwaiti dinar = 1.78744 U.S. dollars
(1/2) Kuwaiti dinar = 1.41333122 Euros
(1/2) Kuwaiti dinar = 1.13791698 British pounds
1 Kuwaiti dinar = 155.274291 Philippine pesos
1 Kuwaiti dinar = 13.1305348 United Arab Emirates dirhams
1 Kuwaiti dinar = 3.57488 U.S. dollars
1 Kuwaiti dinar = 2.82666245 Euros
1 Kuwaiti dinar = 2.27583397 British pounds
5 Kuwaiti dinars = 776.371455 Philippine pesos
5 Kuwaiti dinars = 65.6526738 United Arab Emirates dirhams
5 Kuwaiti dinars = 17.8744 U.S. dollars
5 Kuwaiti dinars = 14.1333122 Euros
5 Kuwaiti dinars = 11.3791698 British pounds
10 Kuwaiti dinars = 1,552.74291 Philippine pesos
10 Kuwaiti dinars = 131.305348 United Arab Emirates dirhams
10 Kuwaiti dinars = 35.7488 U.S. dollars
10 Kuwaiti dinars = 28.2666245 Euros
10 Kuwaiti dinars = 22.7583397 British pounds
20 Kuwaiti dinars = 3,105.48582 Philippine pesos
20 Kuwaiti dinars = 262.610695 United Arab Emirates dirhams
20 Kuwaiti dinars = 71.4976 U.S. dollars
20 Kuwaiti dinars = 56.533249 Euros
20 Kuwaiti dinars = 45.5166794 British pounds
Funny story: when I was putting these together, I noticed that they have this ascending order when it comes to their size. The Ruba being the smallest and the 20 dinars being the biggest. In the 12 years I’ve spent in Kuwait, I never really noticed that. I was like, “Oh my goodness…” LOL 😛
I then compared their size to the new Philippine Peso bill.
The Ruba dinar is so cute. 😛
While the 20 dinars is just as big as the 100 PhP bill. All the Philippine Peso bills have the same size.
Earlier I mentioned that the Kuwaiti Dinar is subdivided into 1,000 fils. It is just like the dollar being subdivided into cents and the Philippine Peso being subdivided into centavos. I won’t dive into the details of their exchange rates with other currencies as it’ll make this post longer.
Plus, I’m lazy.
I’m sorry if the pictures of the fils aren’t nice. It’s because I took all of these with just my camera phone. So yeah, my apologies.
Anyways, there you have it, folks. The mighty Kuwaiti Dinar. You’re probably thinking that it’d be nice to work in Kuwait due to it’s high currency value and you’re right. However, the cost of living there is also high. It’s not a problem if you’re a Kuwaiti Citizen though. Why? It’s because the Kuwaiti government gives each Kuwait citizen money every month. Yup, that’s right, folks. It is the government that’s giving money to it’s citizens and take note that Kuwait is a tax-free country as well. Awesome for Kuwaitis, I know. *sigh of jealousy.*
– Celine 😀