Convert Kuwaiti Dinar to Armenian Dram
Please provide values below to convert Kuwaiti Dinar [KWD] to Armenian Dram [AMD], or Convert Armenian Dram to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Armenian Dram
1 KWD = 0.000795202745454403 AMD
Example: convert 15 KWD to AMD:
15 KWD = 15 × 0.000795202745454403 AMD = 0.0119280411818161 AMD
Kuwaiti Dinar to Armenian Dram Conversion Table
| Kuwaiti Dinar | Armenian Dram |
|---|
Kuwaiti Dinar
The Kuwaiti Dinar (KWD) is the official currency of Kuwait, used as the country's legal tender for all transactions.
History/Origin
The Kuwaiti Dinar was introduced in 1960, replacing the Gulf rupee at par. It was initially pegged to the British pound and later to the US dollar, maintaining a stable and strong currency due to Kuwait's oil wealth.
Current Use
Today, the Kuwaiti Dinar remains one of the highest-valued currencies globally, widely used within Kuwait for all financial transactions and recognized for its stability and strength in international markets.
Armenian Dram
The Armenian Dram (AMD) is the official currency of Armenia, used for all monetary transactions within the country.
History/Origin
The Armenian Dram was introduced in 1993 following Armenia's independence from the Soviet Union, replacing the Soviet ruble as the national currency.
Current Use
The AMD is actively used in Armenia for everyday transactions, banking, and trade, and is managed by the Central Bank of Armenia.