Search results
Results From The WOW.Com Content Network
The dinar was introduced in 1965 as the South Arabian dinar, replacing the East African shilling at a rate of 1 dinar = 20 shillings, thus setting the dinar initially equal to one pound sterling, it also used the pound sign as its Latin script symbol. It was renamed to the dinar after the independance of the People's Republic of Southern Yemen ...
The name dinar then became the preferred name for the pound sterling unit of account as it spread to other Middle East territories. The Jordanian dinar maintained its 1:1 parity with the pound sterling until 18 November 1967 when Harold Wilson devalued the pound. The Jordanian dinar did not devalue in parallel, hence breaking the sterling parity.
The Bahraini dinar was introduced in 1965, replacing the Gulf rupee at a rate of 10 rupees = 1 dinar. It was initially equivalent to 3 ⁄ 4 of a pound sterling (15 shillings). When sterling was devalued in 1967, the dinar was repegged to 17s 6d sterling (7 ⁄ 8 of a pound). Bahraini coins and notes were introduced at that time.
This is a list of circulating fixed exchange rate currencies, ... 0.1 Alderney pound (only coins) [1] ... Jersey pound: Pound sterling: 1 Jordanian dinar: U.S. dollar:
Bahraini dinar Ratio: 1 dinar = 10 rupees = 3 ⁄ 4 pound sterling = 15 shillings sterling: Currency of Qatar 1959 – 1966 Succeeded by: Saudi riyal Location: Qatar and Trucial States except Abu Dhabi Reason: devaluation of the Gulf rupee before delivery of replacement Ratio: 1 riyal = 1.065 rupee: Currency of Trucial States 1959 – 1966 ...
It replaced the franc at a rate of 1000 francs = 1 dinar. The dinar did not follow the devaluation of the French franc in 1958, thus the exchange rate peg was abandoned. Instead a peg to the United States dollar of 1 dinar = 2.38 dollars was established which was maintained until 1964, when the dinar devalued to 1 dinar = 1.90 dollars. This ...
Kuwaiti dinar [7] KWD Kuwait: ك [7] Tunisian dinar: TND Tunisia: د.ت (Tunisian Arabic) or DT (Latin) UAE dirham [8] AED United Arab Emirates: AED [9] Moroccan dirham: MAD Morocco: DH Djiboutian franc: DJF Djibouti: Fdj Egyptian pound: EGP Egypt £E or ج.م or L.E. Lebanese pound [10] LBP Lebanon £L and ل.ل [10] [11] Sudanese pound: SDG ...
It was introduced in September 1971 and replaced the pound at par. [1] The currency was pegged to the special drawing rights at a rate of 2.80 SDRs per dinar.. In 1972, the Libyan Arab Foreign Bank was established to deal with overseas investment.