Convert Kuwaiti Dinar to Iranian Rial
Please provide values below to convert Kuwaiti Dinar [KWD] to Iranian Rial [IRR], or Convert Iranian Rial to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Iranian Rial
1 KWD = 7.19643423894033e-06 IRR
Example: convert 15 KWD to IRR:
15 KWD = 15 × 7.19643423894033e-06 IRR = 0.000107946513584105 IRR
Kuwaiti Dinar to Iranian Rial Conversion Table
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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.
Iranian Rial
The Iranian Rial (IRR) is the official currency of Iran, used for everyday transactions and pricing within the country.
History/Origin
The Iranian Rial was introduced in 1932, replacing the Iranian Toman. It has undergone several redenominations and inflation periods, with the current form established in 2002 to address hyperinflation.
Current Use
Today, the IRR is the primary currency used in Iran for all financial transactions, though the currency experiences high inflation and is often used alongside other forms of payment such as digital currencies and foreign currencies in certain contexts.