Wednesday, January 13, 2016

The Currency

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 The Currency


Currency is a unit of the amount used in various business operations between the parties or more, and these currencies are different from one place to another, and there are many countries use Mchabah currencies to each other, and the value of each coin is different from the other.

The Strongest Global Currencies:
Currency was invented to facilitate trade between the operations people, as opposed to the old method, which was based on barter and exchange of goods directly.

* Kuwaiti Dinar:

Is the official currency of Kuwait, the issuing of the Central Bank of Kuwait, and in 1960 the Kuwait Currency Board to issue the first KD in the markets
Kuwait has the ingredients of a prominent factors helped to shape the industry and an important and influential and attractive regional and global economy. Kuwait is a relatively open economy dominated most of the government sector, the oil industry and represented in Kuwait by the state-owned more than half of GDP.


Kuwait's Economy:


   Despite the small size of Kuwait, but it occupies a large volume of oil reserves and is in the forefront of countries, Kuwait was able to increase the level of GDP have over the past years a steady and growing despite many crises that gripped the country, and along with oil Kuwait has a lot of resources natural and that contributed to the emergence of life, and the form of higher oil revenues to Kuwait.


It reached Kuwait's exports to 9.5 billion dollars, while imports were up to 22.41 billion US dollars, the main goods that Kuwait export is oil and petrochemical products, financial services and fertilizers, which form the power of the Kuwaiti economy, and imports Kuwait a wide range of products such as textiles, machinery, food products, and is considered Japan is the largest state you are buying oil from Kuwait