KUWAIT

(KWD) Currency News >>

CURRENCY:

Kuwait Dinar - KWD

DENOMINATIONS:

NOTE: KWD20, 10, 5 and 1, and 500 and 250 fils

COIN: 100, 50, 20, 10, 5 and 1 fils.

US DOLLAR ACCEPTED?

Yes

CREDIT/DEBIT CARDS AND ATMS:

Most major credit cards are accepted. ATM machines are widespread and the Burgan Bank has the largest network of 'drive through' ATM machines in Kuwait.

CURRENCY EXCHANGE:

Best conducted at banks or bureaux de change.

TRAVELLER'S CHEQUES:

These are widely accepted and are best in US dollars or Sterling.

BANKING HOURS:

Sun-Thurs 0800-1230. Note that Friday is a day of rest in Kuwait.

CURRENCY RESTRICTIONS:

N/A

COUNTRY OVERVIEW:

Officially called the State of Kuwait, this Arab emirate is a sovereign state. Kuwait is the third richest country in the world (per capita) thanks to its rich oil reserves. Kuwait was once controlled by the United Kingdom but has been independence in 1961. The capital is Kuwait City and the official language is Arabic.

POPULATION:

Around 4 million.

ECONOMY:

As mentioned above, Kuwait is the third richest country in the world and the human development index is the second highest in the Middle East. It also has the second most free economy in the Middle East. The banking system is well developed.