Kuwaiti coins are known as Dinar, which is a six-letter word. The Kuwaiti Dinar is the official currency of Kuwait and is one of the highest valued currencies in the world. It is divided into 1000 fils and is issued by the Central Bank of Kuwait. The coins come in denominations of 5, 10, 20, 50 and 100 fils. The notes come in denominations of ¼, ½, 1, 5, 10 and 20 Dinars. The Kuwaiti Dinar has been in circulation since 1960 and is pegged to a basket of currencies, including the US Dollar.