Bahraini Dinar - BHD
Since 1965, the official currency for Bahrain has been the Bahraini Dinar (BHD). The symbol for the Dinar is BD; the Arabic symbol is .د. The Bahrain Dinar is pegged to the US Dollar at a rate of 0.376 Dinar = 1 USD.
- The Bahrain economy is rated as the 10th freest economy in the world.
- Top industries are aluminum smelting, petroleum refining and processing, offshore banking coupled with Islamic banking, tourism, iron pelletization, ship repair, and fertilizers.
- Export products are petroleum, textiles, and aluminum.
- Petroleum accounts for 60% of export products.
- Import products are chemicals, machinery, and crude oil.
- Unemployment rate is estimated at plus or minus 3.8%; however, it is growing rapidly due to the depletion of oil resources.
- There is almost no agriculture activity in Bahrain; it accounts for only 0.3% of the total GDP.
- Bahrain has a free trade agreement with the United States of America.
- The country is working on diversifying its products and has a 15-year plan in place. Currently Bahrain is rated to be the fastest-growing economy of the Arab countries.
- In 1965, the Bahrain Dinar replaced the Gulf Rupee.
- In 1980, the dinar was pegged to IMF’s special drawing rights. The fixed US Dollar rate is 0.376 dinar = 1 USD.
- In 1979, new paper notes were introduced.
- In 2006, the Bahrain Agency became the Central Bank of Bahrain.
- In 2008, the Central Bank of Bahrain launched a new group of notes that reflected the old and new development of Bahrain.
- Bahrain also accepts Saudi Riyal, except for the 500 riyal.
Symbols and Names
- Symbols: .د.ب (Arabic), BD (Latin)
- Nicknames: none
- Bills: BD ½, BD 1, BD 5, BD 10, BD 20
- Coins: 5, 10, 25, 50, 100 fils. BD ½
Countries Using This Currency
Currencies Pegged To BHD