Kuwaiti Dinar in Romanian Leu

KWD Kuwaiti Dinar

Country of application:
Kuwait

Coin denominations in circulation:
1, 5, 10, 20, 50, 100 fils.

Denominations of banknotes in circulation:
0.25, 0.5, 1, 5, 10, 20 dinars.

History reference:
The Kuwaiti dinar is currently the national currency of Kuwait. The Kuwaiti dinar was introduced into circulation on April 1, 1961, replacing the Gulf rupee. The Kuwaiti dinar is three times stronger... than the dollar. In 2006, Kuwait revalued its national currency by 1% against the dollar. In 1990, Iraq occupied Kuwait, the Iraqi dinar was put into circulation, and during the six months of occupation, all cash was taken out of the country. In order to prevent further use by Iraq of the stolen money, after the liberation of Kuwait, a monetary reform was carried out, the Kuwaiti dinar of the new issue again became the official means of payment. Today, coins in denominations from 5 to 100 fils and banknotes in denominations from ¼ to 20 dinars are in circulation. The Kuwaiti dinar was pegged to the US dollar at a ratio of 3:1. In 2006, the emirate revalued its national currency against the dollar by 1%. In May 2007, the Kuwaiti authorities decided to decouple the dinar from the dollar, replacing it with a multi-currency basket.

RON Romanian Leu

Country of application:
Romania

Coin denominations in circulation:
1, 5, 10, 50 baths.

Denominations of banknotes in circulation:
1, 5, 10, 50, 100, 200, 500 lei.

History reference:
The national currency of Romania as the official currency is the leu, otherwise called the Romanian new leu. The new leu is the fourth leu in a series of revaluation currencies since 1867. The new le...u replaced the old Romanian leu (currency symbol ROL) in July 2005 at a rate of 10,000 old lei for one new leu. The current version was used together with the previous leu from March 2005 to June 2006 during the conversion period. Throughout history, the leu has been pegged to currencies of other countries such as the German Reichsmark, the US dollar and the Russian ruble. While Romania is currently planning to adopt the euro as its main currency in 2024, the leu is not currently pegged to the euro.