Kuwaiti Monetary Unit (Noun)
Meaning
Monetary unit in Kuwait.
Classification
Nouns denoting quantities and units of measure.
Examples
- The Kuwaiti monetary unit, the Kuwaiti Dinar, is the highest-valued currency in the world.
- Kuwait's central bank announced plans to introduce new banknotes and coins for the Kuwaiti monetary unit.
- The Kuwaiti monetary unit is pegged to a basket of currencies to maintain its stability in the foreign exchange market.
- Since the country's independence in 1961, the Kuwaiti Dinar has been the official Kuwaiti monetary unit.
- The value of the Kuwaiti monetary unit is determined by the Kuwait Central Bank.