Historic Indian Rupee Kuwaiti Dinar

Indian Rupee kuwaiti dinar history for January 2024. The highest quote for this month is 0.003705 (14/01/2024) and the lowest 0.003767 (23/01/2024). The difference between high and low is -1.67.

INR KWD average rate for January 2024 is 0.0037, the change between 01/01/2024 and 31/01/2024 is -0.3 %.

01 January 20241 INR = 0.0037 KWD
02 January 20241 INR = 0.0037 KWD
03 January 20241 INR = 0.0037 KWD
04 January 20241 INR = 0.0037 KWD
05 January 20241 INR = 0.0037 KWD
06 January 20241 INR = 0.0037 KWD
07 January 20241 INR = 0.0037 KWD
08 January 20241 INR = 0.0037 KWD
09 January 20241 INR = 0.0037 KWD
10 January 20241 INR = 0.0037 KWD
11 January 20241 INR = 0.0037 KWD
12 January 20241 INR = 0.0037 KWD
14 January 20241 INR = 0.0037 KWD
15 January 20241 INR = 0.0037 KWD
16 January 20241 INR = 0.0037 KWD
17 January 20241 INR = 0.0037 KWD
18 January 20241 INR = 0.0037 KWD
19 January 20241 INR = 0.0037 KWD
22 January 20241 INR = 0.0037 KWD
23 January 20241 INR = 0.0037 KWD
24 January 20241 INR = 0.0037 KWD
25 January 20241 INR = 0.0037 KWD
26 January 20241 INR = 0.0037 KWD
28 January 20241 INR = 0.0037 KWD
29 January 20241 INR = 0.0037 KWD
30 January 20241 INR = 0.0037 KWD
31 January 20241 INR = 0.0037 KWD

24/03/2020: COVID-19 Impact on Indian Rupee

The global COVID-19 pandemic caused significant volatility in the Indian Rupee exchange rate, leading to depreciation against major international currencies.

08/11/2016: Demonetization

The Indian government announced the demonetization of ₹500 and ₹1,000 banknotes, requiring individuals to exchange or deposit their old currency notes at banks.

03/07/2007: Indian Rupee Symbol

The Indian Rupee was given its own unique symbol ₹, representing the integration of the Indian Rupee into the global currency landscape.

20/05/2007: Kuwaiti Dinar Redenominated

The Kuwaiti Dinar underwent a redenomination, with the introduction of new banknotes and removal of three zeros from the currency.

20/03/2003: US Invasion of Iraq

The United States and its allies invaded Iraq, leading to a period of uncertainty and affecting the value of the Kuwaiti Dinar.

21/06/1991: Liberalization of Indian Economy

India initiated economic reforms, including the liberalization of foreign exchange controls. This led to the beginning of the exchange rate regime reforms for the Indian Rupee.

25/03/1991: Kuwait Liberated

Coalition forces led by the United States liberated Kuwait from Iraqi occupation, restoring stability to the country and its currency.

02/08/1990: Iraqi Invasion of Kuwait

Iraqi forces invaded Kuwait, leading to the Gulf War and causing a significant decline in the value of the Kuwaiti Dinar.

16/09/1980: Iraq-Iran War Begins

The Iraq-Iran War started, leading to economic instability in the region and affecting the value of the Kuwaiti Dinar.

20/10/1975: Kuwait Dinar Pegged to Special Drawing Rights (SDR)

Kuwait pegged its currency to a basket of international currencies known as Special Drawing Rights (SDR) instead of the US Dollar.

02/01/1961: Kuwaiti Dinar Introduced

The Kuwaiti Dinar (KWD) was officially introduced as the currency of Kuwait, replacing the Gulf Rupee.

24/06/1957: Decimalization of Indian Rupee

The Indian Rupee was decimalized, dividing it into 100 paise. This change simplified the currency system and introduced a uniform monetary system across the country.

15/08/1947: Indian Independence

India gained independence from British rule, leading to the establishment of the Reserve Bank of India as the central bank and the Indian Rupee as the official currency.

01/01/1862: Introduction of Indian Rupee

Indian Rupee was introduced by the British government as the official currency of British India. It replaced various local and foreign currencies that were in circulation.