The dinar is the currency
of Bahrain. It is divided into 1000 fils. The name dinar derives from the Roman denarius. The dinar was introduced in 1965, replacing the Gulf rupee at a rate of 10 rupees = 1 dinar. The Bahraini dinar is abbreviated BD). It is usually represented with three decimal places denoting the fils.
Summary information about Bahraini dinar
- ISO 4217 Code:
- Currency sign:
- .د.ب or BD
- 5 fils, 10 fils, 25 fils, 50 fils, 100 fils, 500 fils
- ½ Bahraini dinar, 1 Bahraini dinar, 5 Bahraini dinar, 10 Bahraini dinar, 20 Bahraini dinar
- Central bank:
- Central Bank of Bahrain
The history of currency in Bahrain is an integral part of the history of the country. It reflects not only the different stages of that history, but also the strong links enjoyed by Bahrain with many different countries in the world.
Few people spend much time actually examining the money in their pockets. They take it for granted that their coins and bank notes are, as they are supposed to be, representations of value in a currency that can either be freely spent locally or exchanged for one or more types of foreign currency to be used on their travels. People usually accept their money because everyone else around them accepts it, and that acceptance is based on the firm belief that a government treasury, central bank or monetary agency will manage its economic and financial affairs in such a way that the currency will maintain a stable value both locally and on the international foreign exchange markets. The latter is particularly important in the context of a country’s international trade, affecting the competitiveness of its exports and the price of its imports.
Throughout most of Bahrain’s history, the currency struck within the country was intended only for the use of its own people. External trade was financed through a variety of means. These included direct barter of one commodity for another through the popular trade coinages of the time, and by letters of credit issued by one merchant in favor of another. A particularly interesting example of the latter, which was discovered in Bahrain, is inscribed on a stone, and is now preserved in the Bahrain National Museum. Exchange rates
were determined on a transaction by transaction basis, and coins from even the most distant lands would be valued largely by the purity of their metal and their total weight. Merchants and traders needed experience and judgment to make their calculations yield them a profit. Much of the time they had to look at, and evaluate, coins piece by piece. Thus they would have come to recognize a very large number of them by sight, and could tell the difference between a good coin and a bad one by the sound it made when bounced off or „rung” on a hard surface.
Today trade is a simpler, but less romantic matter. Gold and silver coins are no longer a normal medium of exchange, and even the use of paper currency is being replaced by bank transfers and credit cards for many transactions. Despite these developments, however, the role of the Central Bank of Bahrain
continues to be one of guaranteeing the maintenance of the security, value and prestige enjoyed by the Bahraini Dinar. The Central Bank of Bahrain’s prime objective lies in making it possible for the people of Bahrain to look at their bank notes and coins with confidence in their value and trust in their security.
Bahrain was the first country in the Gulf to recognize the use of coinage as a means of enhancing trading and financial activity in the very early days. Indeed, the use of coinage made a strong contribution to Bahrain's early reputation as a commercial center. Strategically located on one of the worlds oldest trading routes between East and West, Bahrain had already become an important transit point offering traders a safe anchorage and a reliable supply of food and water, while its coastal waters were the source of the world’s finest pearls. Over the centuries practically every form of money has passed through the hands of Bahrain's merchants, enabling Bahrain to claim a unique economic and political status in the region. The use of many forms of money continued up until 1965 after which Bahrain introduced its own currency, the Bahrain Dinar.
By the time Bahrain became an independent state in 1971 it had already long been established as a commercial center. With its many assets-a favorable climate, an excellent location between Western Europe and the Far East, a population accustomed to extending warm hospitality to visitors from overseas, a business community well versed in the ways of modern trade, and a Government eager to encourage and support commerce and finance, the country was ideally placed to emerge as the region's major international financial center.
In 1965, coins were introduced in denominations of 1, 5, 10, 25, 50 and 100 fils. The 1, 5 and 10 fils were struck in bronze, with the others in cupro-nickel. The 1 fils coin was not produced after 1966 and no longer circulates. In 1992, brass replaced bronze in the 5 and 10 fils and a bimetallic 100 fils coin was introduced. A bimetallic 500 fils followed in 2000.
Bi-metallic coins are coins consisting of more than one metal or alloy, generally arranged with an outer ring around a contrasting center. Common circulating examples include the €1, €2, British £2, Canadian $2, South African R5, Turkish 1 lira, and all Mexican coins of $1 or higher denomination.
In 1965, The Bahrain Currency Board introduced notes in denominations of 100 fils, ¼, ½, 1, 5 and 10 dinar. In 1973, the Bahrain Monetary Agency took over production of paper money, issuing notes for ½, 1, 5, 10 and 20 dinar. In 2006, the Monetary Agency of Bahrain was renamed the Central Bank of Bahrain. On March 2, 2008, the Central Bank of Bahrain has released pictures of the new notes bearing its name in the local newspapers.
The Central Bank of Bahrain stated that the new notes will be released shortly. The new notes also feature new images reflecting Bahrain’s heritage as well as its modern development. Saudi riyals are also acceptable in Bahrain, with the exception of the Saudi 500 riyal note which is only accepted in major supermarkets, airports and electronic shops.
BHD banknotes pictures gallery
|½ Bahraini dinar|
|Banknote of ½ Bahraini dinar has dimensions 154×74 mm and main colors are peach-yellow, bistre, persian orange, sunset, dark salmon and shadow. |
Obverse side of the ½ Bahraini dinar is showing the old Bahrain Court.
Reverse side of the ½ Bahraini dinar is showing the Bahrain International Circuit.
|1 Bahraini dinar|
|Banknote of 1 Bahraini dinar has dimensions 154×74 mm and main colors are deep chestnut, old rose, cordovan, liver and pale goldenrod. |
Obverse side of the 1 Bahraini dinar is showing an image of the Al Hedaya Al Khalifiya School, Bahrain’s first school.
Reverse side of the 1 Bahraini dinar is showing galloping Arabian horses and the Sail and Pearl monument.
|5 Bahraini dinar|
|Banknote of 5 Bahraini dinar has dimensions 154×74 mm and main colors are ceil, pale aqua, slate gray, slate gray and languid lavender. |
Obverse side of the 5 Bahraini dinar is showing images of Shaikh Isa House in Muharraq and Riffa Fort.
Reverse side of the 5 Bahraini dinar is showing the first oil well in Bahrain and Aluminum Bahrain (Alba).
|10 Bahraini dinar|
|Banknote of 10 Bahraini dinar has dimensions 154×74 mm and main colors are olivine, dim gray, pale spring bud, dark khaki and gray-asparagus. |
Obverse side of the 10 Bahraini dinar is showing an image of His Majesty King Hamad Bin Isa Al Khalifa, King of Bahrain.
Reverse side of the 10 Bahraini dinar is showing the Shaikh Isa Bin Salman Al Khalifa Causeway.
|20 Bahraini dinar|
|Banknote of 20 Bahraini dinar has dimensions 154×74 mm and main colors are ash grey, silver, dark khaki, wenge and grullo. |
Obverse side of the 20 Bahraini dinar is showing an image of His Majesty King Hamad Bin Isa Al Khalifa, King of Bahrain.
Reverse side of the 20 Bahraini dinar is showing the Al Fateh Islamic Center.
- About Central Bank of Bahrain:
- Central Bank of Bahrain
- List of currencies:
- Security and design features of BHD banknotes:
- BHD banknotes
- BHD currency on Wikipedia:
- Bahraini dinar
- Official Website of Central Bank of Bahrain:
- Commemorative medals:
- Commemorative medals