


BGN information
About Kuwaiti Dinar (KWD)
The Kuwaiti Dinar (KWD), introduced in 1961, is not merely the official currency of Kuwait; it is a symbol of the nation's economic strength and stability. It is commonly abbreviated as KWD and represented by the symbol د.ك. With its high value, the Dinar reflects Kuwait's significant oil wealth and its role as a key player in the global energy market.
Historical Background
The introduction of the Kuwaiti Dinar coincided with Kuwait’s independence from British protection. It replaced the Gulf Rupee and marked a new era of monetary sovereignty, mirroring the country’s newfound political independence. The Dinar was initially pegged to the British Pound and later to a basket of currencies, reflecting Kuwait's strong international trade relations.
Design and Symbolism
The design of the Kuwaiti Dinar combines elements of Kuwait’s rich history, cultural heritage, and modern achievements. Banknotes feature images of key landmarks, traditional dhow sailing ships, and contemporary architectural marvels. These designs serve as a testament to Kuwait’s journey from a small trading post to a modern, prosperous nation.
Economic Role
The Dinar plays a crucial role in Kuwait’s economy, which is heavily reliant on oil exports. As one of the world’s strongest currencies, it underpins domestic economic stability and facilitates international trade. The Dinar's strength is a key factor in Kuwait's economic resilience and its ability to attract foreign investment.
Monetary Policy and Stability
Managed by the Central Bank of Kuwait, the Dinar benefits from prudent monetary policies aimed at maintaining its high value and stability. Kuwait's vast foreign exchange reserves, largely accrued from oil revenues, bolster the currency's strength, providing a buffer against economic fluctuations.
The Dinar in International Trade
In international trade, the strength of the Kuwaiti Dinar is a double-edged sword. While it signifies economic might, it can also affect the competitiveness of non-oil exports. Balancing the Dinar's value is crucial for maintaining a healthy trade balance.
Remittances and the Economy
Remittances play a role in Kuwait’s economy, with a significant expatriate population sending earnings in Dinars to their home countries. These outflows are an important aspect of the currency's circulation in the global financial system.
WBT to BGN conversion rate trend
WBT to BGN market statistics
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Current WBT to BGN exchange rate
WhiteBIT Coin to Kuwaiti Dinar is falling this week.WBT to BGN Conversion tables
The exchange rate of WhiteBIT Coin is decreasing.WBT to BGN
BGN to WBT
WBT to BGN Today vs. 24 hours ago
Amount | 03:07 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 WBT | лв23.88 | лв23.82 | +0.22% |
1 WBT | лв47.75 | лв47.65 | +0.22% |
5 WBT | лв238.76 | лв238.25 | +0.22% |
10 WBT | лв477.53 | лв476.5 | +0.22% |
50 WBT | лв2,387.63 | лв2,382.48 | +0.22% |
100 WBT | лв4,775.27 | лв4,764.97 | +0.22% |
500 WBT | лв23,876.34 | лв23,824.84 | +0.22% |
1000 WBT | лв47,752.69 | лв47,649.67 | +0.22% |
WBT to BGN Today vs. 1 month ago
Amount | 03:07 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 WBT | лв23.88 | лв24.46 | -2.38% |
1 WBT | лв47.75 | лв48.92 | -2.38% |
5 WBT | лв238.76 | лв244.58 | -2.38% |
10 WBT | лв477.53 | лв489.16 | -2.38% |
50 WBT | лв2,387.63 | лв2,445.8 | -2.38% |
100 WBT | лв4,775.27 | лв4,891.59 | -2.38% |
500 WBT | лв23,876.34 | лв24,457.96 | -2.38% |
1000 WBT | лв47,752.69 | лв48,915.93 | -2.38% |
WBT to BGN Today vs. 1 year ago
Amount | 03:07 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 WBT | лв23.88 | лв7.99 | +199.03% |
1 WBT | лв47.75 | лв15.97 | +199.03% |
5 WBT | лв238.76 | лв79.85 | +199.03% |
10 WBT | лв477.53 | лв159.7 | +199.03% |
50 WBT | лв2,387.63 | лв798.51 | +199.03% |
100 WBT | лв4,775.27 | лв1,597.02 | +199.03% |
500 WBT | лв23,876.34 | лв7,985.1 | +199.03% |
1000 WBT | лв47,752.69 | лв15,970.21 | +199.03% |
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