Bahraini dinar

Bahraini dinar

Overview
The dinar (sign
Currency sign
A currency sign is a graphic symbol used as a shorthand for a currency's name, especially in reference to amounts of money. They typically employ the first letter or character of the currency, sometimes with minor changes such as ligatures or overlaid vertical or horizontal bars...

: .د.ب or BD; code
ISO 4217
ISO 4217 is a standard published by the International Standards Organization, which delineates currency designators, country codes , and references to minor units in three tables:* Table A.1 – Current currency & funds code list...

: BHD) is the currency
Currency
In economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply...

 of Bahrain
Bahrain
' , officially the Kingdom of Bahrain , is a small island state near the western shores of the Persian Gulf. It is ruled by the Al Khalifa royal family. The population in 2010 stood at 1,214,705, including 235,108 non-nationals. Formerly an emirate, Bahrain was declared a kingdom in 2002.Bahrain is...

. It is divided into 1000 fils
Fils (currency)
The fils is a subdivision of currency used in many Arab countries, such as Iraq. "Fils" is the singular form in Arabic, not the plural...

 (فلس). The name dinar
Dinar
The dinar is the official currency of several countries.The history of the dinar dates to the gold dinar, an early Islamic coin corresponding to the Byzantine denarius auri...

 derives from the Roman denarius
Denarius
In the Roman currency system, the denarius was a small silver coin first minted in 211 BC. It was the most common coin produced for circulation but was slowly debased until its replacement by the antoninianus...

. The dinar was introduced in 1965, replacing the Gulf rupee
Gulf rupee
The Gulf rupee, also known as the Persian Gulf rupee , was a currency used in the countries of the Persian Gulf and the Arabian Peninsula between 1959 and 1966...

 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.


In 1965, coins were introduced in denominations of 1, 5, 10, 25, 50 and 100 fils.
Discussion
Ask a question about 'Bahraini dinar'
Start a new discussion about 'Bahraini dinar'
Answer questions from other users
Full Discussion Forum
 
Unanswered Questions
Encyclopedia
The dinar (sign
Currency sign
A currency sign is a graphic symbol used as a shorthand for a currency's name, especially in reference to amounts of money. They typically employ the first letter or character of the currency, sometimes with minor changes such as ligatures or overlaid vertical or horizontal bars...

: .د.ب or BD; code
ISO 4217
ISO 4217 is a standard published by the International Standards Organization, which delineates currency designators, country codes , and references to minor units in three tables:* Table A.1 – Current currency & funds code list...

: BHD) is the currency
Currency
In economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply...

 of Bahrain
Bahrain
' , officially the Kingdom of Bahrain , is a small island state near the western shores of the Persian Gulf. It is ruled by the Al Khalifa royal family. The population in 2010 stood at 1,214,705, including 235,108 non-nationals. Formerly an emirate, Bahrain was declared a kingdom in 2002.Bahrain is...

. It is divided into 1000 fils
Fils (currency)
The fils is a subdivision of currency used in many Arab countries, such as Iraq. "Fils" is the singular form in Arabic, not the plural...

 (فلس). The name dinar
Dinar
The dinar is the official currency of several countries.The history of the dinar dates to the gold dinar, an early Islamic coin corresponding to the Byzantine denarius auri...

 derives from the Roman denarius
Denarius
In the Roman currency system, the denarius was a small silver coin first minted in 211 BC. It was the most common coin produced for circulation but was slowly debased until its replacement by the antoninianus...

. The dinar was introduced in 1965, replacing the Gulf rupee
Gulf rupee
The Gulf rupee, also known as the Persian Gulf rupee , was a currency used in the countries of the Persian Gulf and the Arabian Peninsula between 1959 and 1966...

 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
Bi-metallic coins
Bi-metallic coins are coins consisting of more than one metal or alloy, generally arranged with an outer ring around a contrasting center. Common circulating examples include the €1, €2, British £2, Canadian $2, South African R5, Turkish 1 lira, and all Mexican coins of $1 or higher...

 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 18 mm ?? g Bronze Palm tree  Value 1965
10 fils 24 mm ?? g Bronze Palm tree  Value 1965
25 fils ?? mm ?? g Cupro-nickel Palm tree  Value 1965
50 fils 20 mm ?? g Cupro-nickel Palm tree  Value 1965
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 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 22 mm 3.5 g Cupro-nickel Boat
Boat
A boat is a watercraft of any size designed to float or plane, to provide passage across water. Usually this water will be inland or in protected coastal areas. However, boats such as the whaleboat were designed to be operated from a ship in an offshore environment. In naval terms, a boat is a...

 (Dhow)
Value 1992
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
depicting Pearl Roundabout
Pearl Roundabout
Pearl Roundabout or Lulu Roundabout was a roundabout located near the financial district of Manama, Bahrain...

 
Value 2000

For a wider history surrounding currency in the region, see The History of British Currency in the Middle East.

Banknotes


On October 16, 1965, the Bahrain Currency Board introduced notes in denominations of ¼, ½, 1, 5 and 10 dinar; a 100-fil note was introduced on September 2, 1967. In 1973, the Bahrain Monetary Agency
Bahrain Monetary Agency
The Central Bank of Bahrain was established in 1973 as the Bahrain Monetary Agency, shortly after Bahrain gained its independence from the United Kingdom. As per Decree No. 64 of 2006 with respect to promulgating the Central Bank of Bahrain and Financial Institutions Law, the Bahrain Monetary...

 took over the issuance of paper money, and in 1979 it introduced a new family of notes dated 1973 in Arabic, with denominations of ½, 1, 5, 10 and 20 dinar. On September 7, 2006, the Bahrain Monetary Agency was renamed the Central Bank of Bahrain. On March 17, 2008, the Central Bank of Bahrain introduced a new family of notes reflecting Bahrain's heritage as well as its modern development. Saudi riyal
Saudi riyal
The Riyal is the currency of Saudi Arabia. It is abbreviated as ر.س or SR . It is subdivided into 100 Halalas . The Saudi Ghirsh is 5 Halalas.-History:...

s are also acceptable in Bahrain, with the exception of the Saudi 500 riyal note which is only accepted in major supermarkets, airports and electronic shops.
4th series (154mm
Millimetre
The millimetre is a unit of length in the metric system, equal to one thousandth of a metre, which is the SI base unit of length....

 x 74mm)
Image Value Main Colour Front Side Back Side
½ Dinar Brown/Peach Old Bahrain Court Bahrain International Circuit
Bahrain International Circuit
The Bahrain International Circuit is a motorsport venue opened in 2004 and used for drag racing, GP2 and the annual Bahrain Grand Prix. The 2004 Grand Prix was the first held in the Middle East. Since 2006, Australian V8 Supercar has been raced at the BIC and the V8 races are named as the Desert 400...

1 Dinar Red Al Hedya Al Khalifiya School (Bahrain first school) Galloping Arabian Horses
Arabian horse
The Arabian or Arab horse is a breed of horse that originated on the Arabian Peninsula. With a distinctive head shape and high tail carriage, the Arabian is one of the most easily recognizable horse breeds in the world. It is also one of the oldest breeds, with archaeological evidence of horses...

 and the Sail and Pearl monument
5 Dinar Blue Shaikh Isa
Isa ibn Salman Al Khalifah
Isa bin Salman Al Khalifa, GCB, GCMG was the monarch or emir of Bahrain from 1961 until his death. Born in the town of Jasra, he became emir upon the death of his father, Salman ibn Hamad. On May 8, 1949, he married his only wife, Shaikha Hessa bint Salman Al Khalifa .Isa's reign saw Bahrain gain...

 House in Muharraq and Riffa Fort
Riffa Fort
Built as a fort during the reign of the Persian Safavid Empire of Iran over Bahrain during the 17th century, the fort was converted into a residence in the 18th century for Sh.Salman Bin Ahmed Al Khalifa, in 1812, Riffa Fort or it is now named , in the Kingdom of Bahrain offers a splendid view...

First oil well in Bahrain
First Oil Well, Bahrain
As its name suggests, it is the first oil well in the Persian Gulf and is located in Bahrain. The well is situated below Jebel Dukhan. It was operated by Bahrain Petroleum Company. Oil first spurted from this well on 16 October 1931, and the well finally began to blow heads of oil on the morning of...

 and Aluminum Bahrain (Alba)
10 Dinar Green Sheikh Hamad ibn Isa Al Khalifah
Hamad ibn Isa Al Khalifah
King Hamad bin Isa Al Khalifa is the King of Bahrain , having previously been its Emir . He is the son of Isa bin Salman Al Khalifa, the previous Emir.-Early life and education:...

 (Bahrain King)
Shaikh Isa Bin Salman Al Khalifa Causeway
20 Dinar Brown/light blue Sheikh Hamad ibn Isa Al Khalifah (Bahrain King) Al Fateh Islamic Center

Fixed exchange rate


In December 1980, the dinar was officially pegged to the IMF
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...

's Special Drawing Rights
Special Drawing Rights
Special Drawing Rights are supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund . Not a currency, SDRs instead represent a claim to currency held by IMF member countries for which they may be exchanged...

 (SDRs). In practice, it is fixed at 1 U.S. dollar
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....

 = BD .376, which translates to approximately 1 dinar = 2.65957 dollars and, consequently, almost 10 Saudi Arabian Riyals
Saudi riyal
The Riyal is the currency of Saudi Arabia. It is abbreviated as ر.س or SR . It is subdivided into 100 Halalas . The Saudi Ghirsh is 5 Halalas.-History:...

. This rate was made official in 2001. Before Malta
Malta
Malta , officially known as the Republic of Malta , is a Southern European country consisting of an archipelago situated in the centre of the Mediterranean, south of Sicily, east of Tunisia and north of Libya, with Gibraltar to the west and Alexandria to the east.Malta covers just over in...

's adoption of the euro
Euro
The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...

 on 1 January 2008, it was the third highest-valued currency unit after the Kuwaiti dinar
Kuwaiti dinar
The dinar is the currency of Kuwait. It is sub-divided into 1000 fils. It is the highest-valued currency unit in the world.-History:...

 and Maltese lira
Maltese lira
The lira was the currency of Malta from 1972 until 31 December 2007. The lira was abbreviated as Lm, although the traditional ₤ sign was often used locally...

. After Malta adopted the Euro, the dinar became the second highest-valued currency unit.

See also

  • Gulf Rupee
    Gulf rupee
    The Gulf rupee, also known as the Persian Gulf rupee , was a currency used in the countries of the Persian Gulf and the Arabian Peninsula between 1959 and 1966...

  • Cooperation Council for the Arab States of the Gulf
    Cooperation Council for the Arab States of the Gulf
    The Cooperation Council for the Arab States of the Gulf , also known as the Gulf Cooperation Council , is a political and economic union of the Arab states bordering the Persian Gulf and constituting the Arabian Peninsula, namely Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates...

  • Economy of Bahrain
    Economy of Bahrain
    According to the 2011 Index of Economic Freedom published by the Heritage Foundation and the Wall Street Journal, Bahrain has the freest economy in the Middle East and North Africa region and is tenth overall in the world...


External links