Every country in the world has its own currency, but their prices are not the same. The currency of some countries is so weak that even one Indian Rupee means a lot there, while the currency of some countries is so strong that even the US dollar becomes small in front of it. One such currency is Kuwaiti Dinar (KWD), which is considered the most valuable currency in the world today.

According to the report of Vice.com, the price of one Kuwaiti dinar is Rs 288.72, which is equal to about 3.50 US dollars. According to this, if an Indian person goes to Kuwait and earns 350 dinars, then after coming to India his price becomes equal to 1 lakh 10 thousand. This difference shows how strong the currency of Kuwait is.
Why is the Kuwaiti Dinar so expensive?

Kuwait may be a small country in area, but its economy is very prosperous and stable. The strength of its currency is due to many reasons. Kuwait’s entire economic system is based on oil. The country’s income from oil exports runs into billions of dollars. The population here is very low and the per capita income is more than $35,000. Kuwait’s Kuwait Investment Authority (KIA) is a powerful wealth fund, which earns huge income from international investments. This country adopts fixed currency basket policy, due to which fluctuations in currencies like dollar have very little impact. Kuwait’s exports are many times greater than its imports, due to which the foreign exchange reserves remain strong.

Comparison of Indian Rupee and Kuwaiti Dinar

The currency of India, Indian Rupee (INR), is the currency of a developing economy. India’s large population, increasing trade deficit and dependence on imports keep its value limited. Despite this, the Indian rupee is one of the stable currencies of Asia. The Reserve Bank of India (RBI) keeps the country’s exchange rate and foreign exchange reserves balanced so that the rupee remains stable. India’s focus now is on self-reliance and increasing exports, so that the currency can become stronger in the future.

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Kuwait, which was once known only for oil and energy. Now it is rapidly emerging as a modern commercial and industrial centre. A recent report by LinkedIn has made it clear that the demand for foreign professionals has increased a lot here. Especially of people who have business, engineering, education and digital skills. The government’s New Kuwait 2035 vision is considered to be the biggest reason for this change.

The Government of Kuwait aims to build a sustainable and diversified economy by moving the country away from oil dependence. Under this vision, emphasis is being laid on infrastructure, IT, education and private investment. For this reason, now new opportunities are being created in Kuwait not only in the oil industry but also in the fields of corporate, technology, and education.

increasing jobs in kuwait

Kuwait is now seeing demand for foreign professionals in every field. First of all let’s talk about business administration. Here companies are opening new offices and they need people skilled in management. Such experts are getting an average salary of 400 Kuwaiti Dinar (approximately ₹ 1.09 lakh).

• Retail Sector: Talking about the retail sector, mall manager has now become a popular post. The sector has boomed due to the increase in the number of shopping centers in Kuwait and neighboring countries. Their income is around 500 dinars (₹1.36 lakh).
• education field: New opportunities have opened up for foreign teachers in the education sector also. Especially the demand for English teachers has increased, whose average salary ranges from 300 to 350 dinars (₹95,000).
• Engineering Sector: Talking about engineering sector, it is the highest paying sector. The need for civil, electrical and mechanical engineers remains constant. These professionals get a salary ranging from 600 to 750 dinars (₹1.63 to ₹2.04 lakh).
• Other Jobs: Apart from this, the demand for professions like graphic designer, HR specialist, factory supervisor and sales representative is also increasing continuously. With the expansion of the digital and industrial sectors, these jobs are becoming both permanent and attractive.

Impact of foreign investment and new economy

This increase in employment opportunities in Kuwait did not come suddenly. There are many reasons behind this, including policies promoting foreign investment, expansion of the private sector and new industrial plans under Kuwait Vision 2035. The government’s goal is that every sector of the country, from education to construction and digital services, should become self-reliant and local youth as well as foreign experts should get equal opportunities.

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