Kingdom of Bahrain Currency: A Comprehensive Guide

The Bahraini Dinar is the official currency of the Kingdom of Bahrain, and it's divided into 1,000 fils.

The Bahraini Dinar is pegged to the US Dollar at a fixed rate of 1 USD = 0.3765 BHD.

You can exchange your money for the Bahraini Dinar at the airport, banks, or currency exchange offices.

In Bahrain, you can use a variety of banknotes and coins for everyday transactions. The ½, 1, 5, 10, 20 dinar bills are currently in circulation.

The Bahraini dinar is divided into 1,000 fils, and coins come in denominations of 5, 10, 25, 50, 100, and 500 fils. You can spot the 500 fils coin by its Pearl Monument design on the obverse.

The 1 fils coin, which was introduced in 1965, is no longer produced or circulated. It's a small bronze coin with a palm tree design on the obverse.

Here's a breakdown of the current coins in circulation:

These coins have undergone changes over the years, with the introduction of new materials and designs.

The Bahraini dinar is pegged to the US dollar at a fixed rate of $1 USD = 0.376 BHD, which translates to approximately 1 BHD = US$2.65957.

This pegged rate was made official in 2001 via Decree (48) Article 1, and it's been the same ever since.

The dinar is one of the highest-valued currency units in the world, ranking second after the Kuwaiti dinar.

Before Malta adopted the euro in 2008, the Maltese lira was the third-highest-valued currency unit, but now the dinar holds that spot.

The exchange rate for 1 Bahraini dinar to USD is a fixed $2.65, which won't fluctuate due to the pegged system.

The Bahraini dinar trades against all other official currencies worldwide, giving us exchange rates that can fluctuate over time due to various economic and market factors.

A higher exchange rate means the value of one currency has increased compared to another, while a lower exchange rate means the opposite.

If you're looking to get your hands on some Bahraini dinars, you can order them online to take advantage of great rates. You can even choose to have them delivered right to your doorstep or pick them up at a store or the airport with click and collect.

Home delivery is a convenient option, allowing you to get your dinars without having to leave your house.

Travelling to Bahrain can be a bit tricky when it comes to paying for things, especially with the different currency and banking system. Fortunately, many forms of payments have become widely accepted.

Credit cards from VISA and Mastercard are widely accepted in Bahrain, especially in touristy areas. You can use them to make purchases and withdraw cash at point-of-sale terminals.

Having some Bahraini dinar banknotes with you can be helpful for small purchases, tipping, and emergencies. You can typically exchange currency at a bank or exchange bureau before or upon arrival.

Mobile payments like Apple Pay, Google Pay, or Alipay are becoming increasingly popular, but you should check beforehand how available they are in Bahrain.

A prepaid travel card is almost always the best way to pay in Bahrain because they generally incur lower fees on Bahraini dinar currency exchange than credit cards or bank debit cards do.

You can purchase Bahraini dinars from us via credit or debit card, and we ensure no credit card handling fees are applied.

However, it's wise to check with your card issuer for any potential charges they might apply.

Sending money abroad can be a costly affair, especially if you're not aware of the fees and exchange rates involved. Many people send money to Bahrain for various reasons, including supporting friends or family, and these transactions can be quite pricey.

High fees and exchange rates are common with international money transfers, often constituting more than 10% of the transfer amount. You can find more information about this in our dedicated explainer.

International money transfers are a competitive market, and there are many trustworthy alternative providers that offer better exchange rates than banks. These rates can far outdo those you'll find at the bank, making them a more cost-effective option.

The cheapest provider to send money abroad can vary depending on several factors, including where you're sending from, the amount you're sending, and the payment method. This is why it's essential to find the cheapest provider in real time to get the best deal.

You can spend your Bahraini dinars in Bahrain, where it's the official currency. It's also accepted in parts of Saudi Arabia, particularly in cities like Khobar and Dammam, due to close economic ties.

In some Gulf Cooperation Council (GCC) countries, like the UAE, you may find currency exchange places or hotels accepting Bahraini dinars. However, they're not commonly used for everyday transactions.

Bahraini dinars are widely accepted in Bahrain, so you can use them freely there.

You might be wondering how to plan your trip to a foreign country. Research your destination thoroughly, considering factors like visa requirements, vaccinations, and local customs.

Travel insurance is a must-have for any trip. According to the article, a good policy should cover medical expenses, trip cancellations, and delays.

It's essential to check the validity of your passport before traveling. The article advises that your passport should be valid for at least six months beyond your intended stay.

You'll want to stay connected while abroad. The article suggests purchasing a local SIM card or portable Wi-Fi hotspot for reliable internet access.

Remember to pack wisely, considering the climate and activities you'll be doing. The article recommends checking the weather forecast and packing layers for temperature control.

Don't forget to stay safe while traveling. The article advises being aware of your surroundings, keeping valuables secure, and avoiding traveling alone at night.

The best time to buy Bahraini dinars is tricky due to daily market shifts influenced by economic data, global politics, and trader sentiment.

You'll need to stay informed on Bahraini dinar rates to make the best decision for your travel schedule.