| Bahraini Dinar |
Article Index for Bahraini |
Information AboutBahraini Dinar |
| CATEGORIES ABOUT BAHRAINI DINAR | |
| economy of bahrain | |
| fixed exchange rate | |
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The Bahraini Dinar is the official Currency of Bahrain . It is divided into 1000 Fils . 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 as BD. It is usually represented with three decimal places denoting the fils. s in circulation are 500 fils, BD 1, BD 5, BD 10, BD 20. (''See Banknotes since independence '') The dinar is pegged to the U.S. Dollar at a value of approximately $2.6528 per dinar, making it the third highest valued currency after the Kuwaiti Dinar and Maltese Lira . The ''Bahrain Monetary Agency'' located in the Diplomatic Area is the central bank of Bahrain. The BMA also houses a splendid coin & currency museum with collections dating back to 653 AD. |
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