Convert Kuwaiti Dinar to Libyan Dinar
Please provide values below to convert Kuwaiti Dinar [KWD] to Libyan Dinar [LYD], or Convert Libyan Dinar to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Libyan Dinar
1 KWD = 0.0562638172439204 LYD
Example: convert 15 KWD to LYD:
15 KWD = 15 × 0.0562638172439204 LYD = 0.843957258658806 LYD
Kuwaiti Dinar to Libyan Dinar 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.
Libyan Dinar
The Libyan Dinar (LYD) is the official currency of Libya, used for all monetary transactions within the country.
History/Origin
The Libyan Dinar was introduced in 1971, replacing the Libyan Pound at par, and has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the LYD is actively used in Libya for everyday transactions, banking, and international trade, with the Central Bank of Libya managing its issuance and regulation.