Which currency is Kuwait’s official money and is divided into 1,000 fils per unit?

Kuwait’s official currency, divided into 1,000 fils per unit, is the Kuwaiti dinar.

The dinar became Kuwait’s currency in 1961, replacing the Gulf rupee that had circulated there. The Central Bank of Kuwait issues the currency and manages monetary policy. Its ISO 4217 code is KWD, and the commonly used abbreviation is KD.

Unlike most currencies, the Kuwaiti dinar is divided into 1,000 smaller units rather than 100. Coins are issued in fils, while banknotes are denominated in dinars. The currency is widely known for its high nominal value against many other currencies, although exchange rates change over time.

The Kuwaiti dinar is sometimes confused with the Bahraini or Jordanian dinar because several Middle Eastern countries use currencies with the same name. These are separate currencies, each issued by its own national monetary authority.