Kuwaiti Dinar (KWD)
a.k.a. KWD
Kuwait's currency, code KWD, pegged to a basket of currencies and usually the world's highest-valued…
In plain English
Kuwait's currency, code KWD, pegged to a basket of currencies and usually the world's highest-valued currency unit.
The Kuwaiti dinar (KWD) is worth more than three US dollars, typically making it the most valuable currency unit in the world. Unlike most Gulf currencies, it is pegged to an undisclosed basket rather than to the dollar alone.
A high unit value reflects how the currency was set up, not on its own a stronger economy.
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