Bahrain, Currency

The Bahraini Dinar is the official currency of Bahrain. The ISO 4217 currency code is BHD. 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 written ب.د (Arabic) or BD (Latin). It is usually represented with three decimal places denoting the fils. Read more

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A currency is a unit of exchange, facilitating the transfer of goods and services. It is a form of money, where money is defined as a medium of exchange (rather than e.g. a store of value). A currency zone is a country or region in which a specific currency is the dominant medium of exchange. To facilitate trade between currency zones, there are exchange rates i.e. prices at which currencies (and the goods and services of individual currency zones) can be exchanged against each other. Currencies can be classified as either floating currencies or fixed currencies based on their exchange rate regime. In common usage, currency sometimes refers to only paper money, as in "coins and currency", but this is misleading. Coins and paper money are both forms of currency. Read more

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