Although Kuwait is small, its economy is developed. The Kuwaiti dinar is a national coin. It is because of Kuwait's economic prosperity that the dinar is more valuable. However, this kind of coin is not in general circulation at present, and can only be used in Kuwait. The US dollar has become the world currency.
Kuwait is a country with high welfare. Kuwaiti citizens enjoy free medical care, free education and government subsidies for housing, drinking water and electricity. In addition, there are various social allowances, such as marriage allowance and child allowance. Kuwait is good at financial management. In the mid-1970s, the reserve fund for future generations was established, and 10% of national income was allocated to the reserve fund for future generations every year to prepare for Kuwait's "post-oil". In addition, Iraq has established a national general reserve fund. With these two reserves, the Kuwaiti government has established a large-scale investment network around the world, and regards foreign investment as an important way to solve future national income.
The Kuwaiti dinar is issued by the Central Bank of Kuwait. Kuwaiti dinars mainly circulate in Kuwait, which is rich in oil and natural gas resources. Kuwait has proven oil reserves of 94 billion barrels, accounting for about 10% of the world's total reserves. Oil and gas industry is the pillar of national economy, and its output value accounts for 45% of GDP. The climate in Kuwait is not conducive to agriculture, and almost all agricultural products need to be imported. The country began to develop a diversified economy and reduce its dependence on oil.