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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.
Present currency ISO 4217 code Country or dependency (administrating country) Currency symbol Algerian dinar: DZD Algeria: دج (Arabic) or DA (Latin) Bahraini dinar [1] BHD Bahrain.د.ب [2] Iraqi dinar [3] IQD Iraq: ع.د [4] Jordanian dinar [5] JOD Jordan: ينار [6] Kuwaiti dinar [7] KWD Kuwait: ك [7] Tunisian dinar: TND Tunisia
Currency board (11) Djibouti Hong Kong ; ECCU Antigua and Barbuda Dominica Grenada Saint Kitts and Nevis Saint Lucia Saint Vincent and the Grenadines Bosnia and Herzegovina Bulgaria Brunei ; Conventional peg (40) Aruba The Bahamas Bahrain Barbados Belize
Indian rupee Reason: creation of new currency for use outside of India Ratio: at par: Currency of Kuwait 1959 – 1961 Succeeded by: Kuwaiti dinar Ratio: 1 dinar = 13 + 1 ⁄ 3 rupees = 1 pound sterling: Currency of Bahrain 1959 – 1965 Succeeded by: Bahraini dinar Ratio: 1 dinar = 10 rupees = 3 ⁄ 4 pound sterling = 15 shillings sterling ...
In 1966, India devalued the rupee, prompting Qatar, Dubai, and all the Trucial States with the exception of Abu Dhabi, to introduce a new riyal unit at par with the pre-devaluation rupee. Abu Dhabi instead chose to adopt the Bahraini dinar, and in 1973 it changed to the United Arab Emirates dirham in line with the rest of the sheikdoms in the UAE.
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Bahraini dinar; G. Gulf rupee This page was last edited on 1 April 2019, at 01:58 (UTC). Text is available under the Creative Commons Attribution ...