Bahraini Dinar


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Bahraini Dinar

The currency of Bahrain. It was introduced upon Bahrain's independence from the United Kingdom; it replaced the Gulf rupee. In 1980, the dinar was pegged to Special Drawing Rights, though in practice it was pegged to the U.S. dollar. The peg was officially changed to the dollar in 2001.
References in periodicals archive ?
The main objective in revising the management process of BHIBOR is to increase the efficiency of trading in Bahraini dinars both regionally and globally and to ensure consistency with Bahrain's Economic Vision 2030 to promote the country as a leading regional financial centre.
Furthermore, Seef Mall in Isa Town is registered as a Bronze Mall extending one point for shoppers for every one Bahraini Dinar spent in the Mall.
It is good news for Bahraini and Gulf investors looking to purchase property in Europe, with the Bahraini dinar now worth around o2.
Corporate clients, who operate on credit, will earn one Air Mile for every dirham, Bahraini dinar or Qatari riyal spent, while consumer clients, who pay cash, will earn two Air Miles for every dirham, dinar or riyal spent using the company's courier service.
No bank felt the need to make use of the CBB's repo facility which indicated the continuing strength of confidence and funds in the Bahraini Dinar market.
Drivers who use the causeway pay a 2 Bahraini dinar (Dh19.
The Bahraini dinar to rupee exchange rate was rather favourable for property investors at 146.
MANAMA: The Bahrain Association of Banks (BAB), together with the Central Bank of Bahrain (CBB) and Thomson Reuters, has officially launched the new process for managing the Bahraini Dinar Interbank Offered Rate (BHIBOR).
I had this experience earlier this month when the prevailing rate of a Bahraini dinar was 121 rupees, while the exchange at the airport charged me 139.
The forwards, which traders use to bet on future direction of pegged currencies, now imply that the Bahraini dinar will depreciate by roughly 0.
On MetaTrade5, a platform launched yesterday at Jewellery Arabia 2017, clients can buy or sell gold, silver and platinum in its pure form using Bahraini dinars.
A first-instance court sentenced him to two years and one month in prison and 2100 Bahraini dinars fine and an appeals court upheld the verdict against him in December 2016.