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The 100-fils note of the Bahrain Currency Board was withdrawn in November 1980 and the remainder of the notes were withdrawn on 31 March 1996, remaining exchangeable until one year afterwards. [2] The third issue of notes (the second by the Bahrain Monetary Agency) with the same denominations of 1 ⁄ 2 to 20 dinars was released in March 1993. [7]
Present currency ISO 4217 code Country or dependency ... Bahraini dinar [8] BHD ... Indian Rupee [26] INR
To the middle of the 20th century, the Indian rupee was also used as the official currency in the emirates on the eastern Arabian Peninsula, namely Kuwait, Bahrain, Qatar, the Trucial States, and Oman. That meant, in effect, that the Indian rupee was the common currency in those territories as well as in India.
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
Colour key and notes Indicates that a given currency is pegged to another currency (details) Italics indicates a state or territory with a low level of international recognition State or territory Currency Symbol [D] or Abbrev. ISO code Fractional unit Number to basic Abkhazia Abkhazian apsar [E] аҧ (none) (none) (none) Russian ruble ₽ RUB Kopeck 100 Afghanistan Afghan afghani ؋ AFN ...
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
Fixed currency Anchor currency Rate (anchor / fixed) Abkhazian apsar: Russian ruble: 0.1 Alderney pound (only coins) [1]: Pound sterling: 1 Aruban florin: U.S. dollar: 1.79
In summary, the currency units used in Israel, Jordan, Iraq, Kuwait, Oman, and the Yemen are all descended from the pound sterling unit, and the Bahraini dinar partially so, whereas the currency unit that was first used in Qatar and Dubai in 1966 replaced the Indian rupee at its pre-devaluation exchange rate.