Established in 1961 to replace the Gulf Rupee the Kuwaiti Dinar is the official currency of Kuwait. One Dinar is worth 1000 Fils. Kuwait is among the richest countries in the world due to its large oil reserves and thus the Dinar is, at the time of publication, the highest valued and most stable currency in the world. The Kuwaiti Dinar coins are issued in 1, 5, 10, 20, 50 and 100 Fils. The banknotes are also issued in ¼ Dinar, ½ Dinar, 1 Dinar, 5 Dinars, 10 Dinars and 20 Dinars.
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