Convert Israeli New Sheqel to Kuwaiti Dinar
Please provide values below to convert Israeli New Sheqel [ILS] to Kuwaiti Dinar [KWD], or Convert Kuwaiti Dinar to Israeli New Sheqel.
How to Convert Israeli New Sheqel to Kuwaiti Dinar
1 ILS = 10.9528487229862 KWD
Example: convert 15 ILS to KWD:
15 ILS = 15 × 10.9528487229862 KWD = 164.292730844794 KWD
Israeli New Sheqel to Kuwaiti Dinar Conversion Table
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Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.
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.