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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.
Bahrain is a rich country in the middle east and the north africa (MENA) region and its economy depends on oil & gas, international banking and tourism. [16] In 2003 and 2004, the balance of payments improved due to rising oil prices and increased receipts from the services sector. As a result, the current account balance registered a surplus ...
The Cooperation Council for the Arab States of the Gulf [2] (Arabic: مجلس التعاون لدول الخلیج العربية), also known as the Gulf Cooperation Council (GCC; Arabic: مجلس التعاون الخليجي), is a regional, intergovernmental, political, and economic union comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
On 19 December 2020, Iraq's Central Bank devalued the dinar by 24% to improve the government's revenue, which was affected by the COVID-19 pandemic and low oil prices. [12] On 2 March 2019, the Central Bank's indicative exchange rate was IQD 1,190 = US$1. [13] and on 18 June 2021 it was IQD 1,460.5000 = US$1.
The 2020 Atlantic hurricane season is the most active Atlantic hurricane season on record, in terms of number of systems. It featured a total of 31 tropical or subtropical cyclones, with all but one cyclone becoming a named storm. Of the 30 named storms, 14 developed into hurricanes, and a record-tying seven further intensified into major ...
Iranian rial. The rial (Persian: ریال ایران, romanized:riyâl-è Irân; sign: ﷼ ; abbreviation: Rl (singular) and Rls (plural) [ 15 ][ 16 ] or IR[ 17 ] in Latin; ISO code: IRR) is the official currency of Iran. It is subdivided into 100 dinars, but due to the rial's low purchasing power the dinar is not practically used.
The Islamic State dinar (Arabic: دينار الدولة الإسلامية), or simply the gold dinar, [1] was the official currency of the Islamic State from 2014 to 2019. Subdivided into dirhams and fulûs , it was modelled after the historical gold dinar that was first introduced in the Muslim world during the time of the Umayyad Caliphate .
Examples for the ratios of 100:1 and 1000:1 include the United States dollar and the Bahraini dinar, for which the column headed "Minor unit" shows "2" and "3", respectively. As of 2021, two currencies have non-decimal ratios, the Mauritanian ouguiya and the Malagasy ariary; in both cases the ratio is 5:1. For these, the "Minor unit" column ...