Convert Moroccan Dirham to Kuwaiti Dinar
Please provide values below to convert Moroccan Dirham [MAD] to Kuwaiti Dinar [KWD], or Convert Kuwaiti Dinar to Moroccan Dirham.
How to Convert Moroccan Dirham to Kuwaiti Dinar
1 MAD = 29.4967256057629 KWD
Example: convert 15 MAD to KWD:
15 MAD = 15 × 29.4967256057629 KWD = 442.450884086444 KWD
Moroccan Dirham to Kuwaiti Dinar Conversion Table
| Moroccan Dirham | Kuwaiti Dinar |
|---|
Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.
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.