Convert Kuwaiti Dinar to Nigerian Naira
Please provide values below to convert Kuwaiti Dinar [KWD] to Nigerian Naira [NGN], or Convert Nigerian Naira to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Nigerian Naira
1 KWD = 0.00019951618305551 NGN
Example: convert 15 KWD to NGN:
15 KWD = 15 × 0.00019951618305551 NGN = 0.00299274274583265 NGN
Kuwaiti Dinar to Nigerian Naira Conversion Table
| Kuwaiti Dinar | Nigerian Naira |
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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.
Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.