Bahraini dinar

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Bahraini dinar
دينار بحريني (Arabic)
1 dinar 100 fils
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.

Contents

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.

Coins of the Bahraini dinar
Image Value Diameter Weight Composition Obverse Reverse First Minted Year
1 fils  ?? mm  ?? g Bronze Palm tree Value 1965
5 fils 5 fils 18 mm  ?? g Bronze Palm tree Value 1965
10 fils 10 fils 24 mm  ?? g Bronze Palm tree Value 1965
25 fils 25 fils  ?? mm  ?? g Cupro-nickel Palm tree Value 1965
50 fils 50 fils 20 mm  ?? g Cupro-nickel Palm tree Value 1965
100 fils 100 fils 25 mm  ?? g Cupro-nickel Palm tree Value 1965
5 fils 19 mm 2,50 g Brass Palm tree Value 1992
10 fils 10 fils 21 mm 3.35 g Brass Palm tree Value 1992
25 fils 20 mm 2,35 g Cupro-nickel Dilmo Civilization seal Value 1992
50 fils 50 fils 22 mm 3.5 g Cupro-nickel Boat (Dhow) Value 1992
100 fils 100 fils 24 mm 6 g Brass ring, cupro-nickel centre Coat of Arms Value 1992
500 fils 27 mm 9 g Cupro-nickel ring, brass centre Pearl over tripod Value 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 dollars1 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.

Current BHD exchange rates
From Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD
From XE.com: AUD CAD CHF EUR GBP HKD JPY USD
From OANDA.com: AUD CAD CHF EUR GBP HKD JPY USD

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

See also

References

External links

Preceded by:
Gulf rupee
Ratio: 1 dinar = 10 rupees = 0.75 British pound
Currency of Bahrain
1965
Succeeded by:
Current
Currency of Abu Dhabi
19661973
Succeeded by:
United Arab Emirates dirham
Ratio: 1 dirham = 0.1 dinar

Wikipedia content modification information:

  • This page was last modified on 27 November 2008, at 21:13.

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