page_title: Kuwaiti dinar
section_title: Commemorative issues
hierarchical_section_title: Kuwaiti dinar / Banknotes / Commemorative issues
caption_attribution_description: English: Average Exchange Rate of Kuwait Dinar Against U.S. Dollar (Fils) Based On Central Bank Of Kuwait Website
context_page_description: The Kuwaiti dinar is the currency of Kuwait. It is sub-divided into 1,000 fils. As of September 2019, the Kuwaiti dinar is the world's highest-valued currency unit per face value.
context_section_description: In both 1993 and 2001, the Central Bank of Kuwait issued commemorative 1-dinar polymer banknotes to celebrate its Liberation from Iraq. The first commemorative note, dated 26 February 1993, was issued to celebrate the second anniversary of its Liberation. The front features the map of the State of Kuwait, the emblem of Kuwait and on the left and right side of the note is the list of nations that assisted in its Liberation, in both English and Arabic. The second commemorative note, dated 26 February 2001, was issued to celebrate the tenth anniversary of its Liberation. One feature from the note is an optically variable device (OVD) patch that shows a fingerprint, a reference to the victims of the invasion and occupation of Kuwait. Even though they were denominated as 1 dinar, both of the commemorative notes state that they were not legal tender.
  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 KWD =  US$3.53
  From 16 June 2007, the Kuwaiti dinar was re-pegged to a basket of currencies, and was worth about $3.28 as of December 2016. It is the world's highest-valued currency unit.
caption: Average exchange rate of Kuwaiti dinar against US dollar (fils)
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