Kuwaiti dinar

From 18 March 1975 to 4 January 2003, the dinar was pegged to a weighted currency basket. From 5 January 2003 until 20 May 2007, the pegging was switched to 1 US dollar = 0.29963 dinar with margins of ±3.5%. The central rate translates to approximately 1 KD = $3.53 USD

Question: is the kuwaiti dinar pegged to the dollar
Answer: yes