Kuwaiti Dirham (Noun)
Meaning
Worth one tenth of a Kuwaiti dinar; equal 100 fils.
Classification
Nouns denoting quantities and units of measure.
Examples
- The Kuwaiti dirham is the subdivision unit of the Kuwaiti dinar and is worth one tenth of a Kuwaiti dinar.
- Until 2014 in some contexts people still referred to one tenth of a Kuwaiti dinar as a Kuwaiti dirham.
- Since the Kuwaiti dirham is subdivided into 100 fils it is sometimes used to set the prices lower denomination goods.
- One Kuwaiti dirham being equal to 100 fils serves as an intermediary unit in smaller transactions.
- The Kuwaiti dirham as a concept is much older than its current value of one tenth of a Kuwaiti dinar.