Convert Peruvian Nuevo Sol to Kuwaiti Dinar
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Kuwaiti Dinar [KWD], or Convert Kuwaiti Dinar to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Kuwaiti Dinar
1 PEN = 11.6493123772102 KWD
Example: convert 15 PEN to KWD:
15 PEN = 15 × 11.6493123772102 KWD = 174.739685658153 KWD
Peruvian Nuevo Sol to Kuwaiti Dinar Conversion Table
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Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.
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.