Bahrain Currency Crossword Basics and Exchange Rate Information

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A dynamic street scene of men exchanging money in a busy Amman market, captured in black and white.
Credit: pexels.com, A dynamic street scene of men exchanging money in a busy Amman market, captured in black and white.

The Bahraini currency, known as the Bahraini dinar, is the official currency of Bahrain. It's subdivided into 1,000 fils, although the fils is no longer in circulation.

You can exchange your money for Bahraini dinars at a currency exchange office or a bank. The exchange rate may vary depending on the location and the type of currency being exchanged.

The Bahraini dinar is pegged to the US dollar at a fixed exchange rate of 1 USD = 0.3765 BHD. This means that the exchange rate between the two currencies is stable.

Bahrain Currency Basics

The official currency of Bahrain is the Bahraini dinar (BHD).

It's divided into 1,000 fils.

The Bahraini dinar is pegged to the US dollar at a fixed rate of 1 BHD = 2.65 USD.

You can exchange your money for Bahraini dinar at the airport or in major cities.

The Bahraini dinar is available in various denominations, including 5, 10, 20, 50, and 100 BHD banknotes.

Credit cards are widely accepted in Bahrain, especially in tourist areas and major shopping centers.

ATMs are also widely available, dispensing Bahraini dinar and other currencies.

Exchange Rate Information

Credit: youtube.com, Bahraini Currency - Dinar

The exchange rate is a crucial aspect of understanding the Bahraini dinar. It's pegged to the IMF's special drawing rights (SDRs) at a fixed rate of $1 USD = 0.376 BHD.

This translates to approximately 1 BHD = US$2.65957, making the dinar one of the highest-valued currencies in the world. Before Malta adopted the euro, it was the third-highest-valued currency unit, after the Kuwaiti dinar and Maltese lira.

Saudi riyals are accepted in Bahrain at a rate of 10 to 1, except for the Saudi 500 riyal note which is only accepted in major supermarkets, airports, and electronic shops.

Here's a quick rundown of the exchange rate:

  • 1 BHD = US$2.65957
  • 1 BHD = approximately 9.9734 Saudi Arabian riyals

Greg Brown

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Greg Brown is a seasoned writer with a keen interest in the world of finance. With a focus on investment strategies, Greg has established himself as a knowledgeable and insightful voice in the industry. Through his writing, Greg aims to provide readers with practical advice and expert analysis on various investment topics.

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