Bahraini dinar

Bahraini dinar دينار بحريني (Arabic)
1 dinar 100 fils
ISO 4217 Code	BHD
User(s)	Bahrain
Inflation	3.5%
Source	The World Factbook, 2006 est.
Pegged with	U.S. dollar = BD 0.376
Subunit
1/1000	fils
Symbol	.د.ب (Arabic) or BD (Latin)
Coins	5, 10, 25, 50, 100, 500 fils
Banknotes	BD ½, BD 1, BD 5, BD 10, BD 20
Monetary authority	Central Bank of Bahrain
Website	www.cbb.gov.bh

The dinar (Arabic: دينار‎) (sign: .د.ب or BD; code: BHD) 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.Saudi arabian riyals are also aceptable in bahrain, but only dinominations of 1,5,10,20,50(100,200and500 NOT acepted for small purchaces

older Series
Image		Value	Main Colour	status
		½ Dinar	Brown	with red coat of arms(withrawn)with brown coat of arms(common cirulation+in process of withrawal
		1 Dinar	Red	commonly circulates+in process of withrawal
		5 Dinar	Blue	in prosses of withrawal
		10 Dinar	Green	in prosses of withrawal
		20 Dinar	Purple	withrawn

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^[1] 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.

Note: Rates obtained from these websites may contradict with pegged rate mentioned above

See also

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

References

External links