Kuwaiti dinar currency basket: the peg Kuwait keeps secret

The Kuwaiti dinar currency basket has been undisclosed since 20 May 2007. We explain the peg, why Kuwait chose it, and the 1953 fund that came before it.

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Chart of the northern Gulf with Kuwait highlighted and Kuwait City marked

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Claim
Since 20 May 2007, under Decree No. 147/2007, the Kuwaiti dinar has been pegged to an undisclosed weighted basket of the currencies of Kuwait's main trade and financial partners.
Source
Central Bank of Kuwait
As of
2007-05-20
Used in
Kuwaiti dinar currency basket: the peg Kuwait keeps secret