Bahraini dinar


Bahraini dinar

Infobox Currency
currency_name_in_local = دينار بحريني ar icon
image_1 = OneBahrainiDinar.jpg
image_title_1 = 1 dinar
image_2 = 100BahrainFils.jpg
image_title_2 = 100 fils
iso_code = BHD
using_countries = BHR
inflation_rate = 3.5%
inflation_source_date = " [https://www.cia.gov/library/publications/the-world-factbook/fields/2092.html The World Factbook] ", 2006 est.
pegged_with = U.S. dollar = BD 0.376
subunit_ratio_1 = 1/1000
subunit_name_1 = fils
symbol = .د.ب (Arabic) or BD (Latin)
used_coins = 5, 10, 25, 50, 100, 500 fils
used_banknotes = BD ½, BD 1, BD 5, BD 10, BD 20
issuing_authority_title = Monetary authority
issuing_authority = Central Bank of Bahrain
issuing_authority_website = www.cbb.gov.bh

The dinar ( _ar. دينار) is the currency of Bahrain. The ISO 4217 currency code is BHD. It is divided into 1000 fils (فلس). The name dinar derives from the Roman denarius. The dinar was introduced in 1965, replacing the Gulf rupee at a rate of 10 rupees = 1 dinar. The Bahraini dinar is abbreviated .د.ب (Arabic) or "BD" (Latin). It is usually represented with three decimal places denoting the fils.

Coins

In 1965, coins were introduced in denominations of 1, 5, 10, 25, 50 and 100 fils. The 1, 5 and 10 fils were struck in bronze, with the others in cupro-nickel. The 1 fils coin was not produced after 1966 and no longer circulates. In 1992, brass replaced bronze in the 5 and 10 fils and a bimetallic 100 fils coin was introduced. A bimetallic 500 fils followed in 2000.

Banknotes

In 1965, The Bahrain Currency Board introduced notes in denominations of 100 fils, ¼, ½, 1, 5 and 10 dinar. In 1973, the Bahrain Monetary Agency took over production of paper money, issuing notes for ½, 1, 5, 10 and 20 dinar. In 2006, the Monetary Agency was renamed the Central Bank. On March 2, 2008, the Central Bank of Bahrain has released pictures of the new notes bearing its name in the local newspapers. The Central Bank stated that the new notes will be released shortly. The new notes will be used hand in hand with the old ones. The new notes also feature new images reflecting Bahrain's heritage as well as its modern development.

Fixed exchange rate

In December 1980, the dinar was officially pegged to the IMF's Special Drawing Rights (SDRs). In practice, it is fixed at 1 U.S. dollar = BD .376, which translates to approximately 1 dinar = 2.65957 dollars [ [http://www.bma.gov.bh/cmsrule/index.jsp?action=article&ID=1323 Exchange Rate Policy, Bahrain Monetary Agency] ] and, consequently, 10 Saudi Arabian Riyals. This rate was made official in 2001. Before Malta's adoption of the euro on 1 January 2008, it was the third highest valued currency unit after the Kuwaiti dinar and Maltese lira. Now it is the second highest.

Exchange Rate|BHD
note=Rates obtained from these websites may contradict with pegged rate mentioned above

ee also

* Gulf Rupee
* Cooperation Council for the Arab States of the Gulf
* Economy of Bahrain

References

*numis cite SCWC|date=1991
*numis cite SCWPM|date=1994

External links

Standard numismatics external links
world_coin_gallery_1_url = Bahrain
world_coin_gallery_1_name = Bahrain
banknote_world_1_url = bahrain
banknote_world_1_name = Bahrain
dollarization_1_url = asia
dollarization_1_name = Asia
gfd_1_url = Bahrain
gfd_1_name = Bahrain
gfd_data_1_url =
gfd_data_1_name =
show_gfd_excel = Y


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