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The Bahraini dinar was introduced in 1965, replacing the Gulf rupee at a rate of 10 rupees = 1 dinar. It was initially equivalent to 3 ⁄ 4 of a pound sterling (15 shillings). When sterling was devalued in 1967, the dinar was repegged to 17s 6d sterling (7 ⁄ 8 of a pound). Bahraini coins and notes were introduced at that time.
Reverse: Face-value and country name. 8,312,000 coins minted in 1965 1 Bahraini dinar = 1000 fulūs (or 1 fils = 1 ⁄ 1000 Bahraini dinar) 1 Emirati dirham = 100 fulus;
Algerian dinar: DZD Algeria: دج (Arabic) or DA (Latin) Bahraini dinar [3] BHD Bahrain.د.ب [4] Iraqi dinar [5] IQD Iraq: ع.د [6] Jordanian dinar [7] JOD Jordan: ينار [8] Kuwaiti dinar [9] KWD Kuwait: ك [9] Tunisian dinar: TND Tunisia: د.ت (Tunisian Arabic) or DT (Latin) UAE dirham [10] AED United Arab Emirates: AED [11] Moroccan ...
Bahrain created the Bahraini dinar in 1965, at the rate of 1 dinar = 10 rupees. Qatar and most of the Trucial States (after 1971, United Arab Emirates) adopted the Qatar and Dubai riyal , which was equal to the Gulf rupee prior to its devaluation, effectively the Indian rupee value.
The modern dinar's historical antecedents are the gold dinar and the silver dirham, the main coin of the medieval Islamic empires, first issued in AH 77 (696–697 AD) (Late Antiquity) by Caliph Abd al-Malik ibn Marwan. The word "dinar" derives from the Latin word "dēnārius," a silver coin of ancient Rome, which was first minted about c. 211 BC.
The smallest coins currently minted are 5 fils (Kuwait and Bahrain), 1/4 dinar (Jordan), 25 dinars (Iraq). The Omani rial is divided into 1,000 baisa. The Libyan dinar has been divided into 1,000 dirhams since 1971. The Japanese yen was formerly divided into 1,000 rin. An early proposed (but not accepted) design for the 1-rin coin used "1 mil ...
The Kuwaiti dinar (Arabic: دينار كويتي , code: KWD) is the currency of Kuwait.It is sub-divided into 1,000 fulūs. [2]As of 2023, the Kuwaiti dinar is the currency with the highest value per base unit, with KD 1 equalling US$3.26, [3] ahead of the Bahraini dinar with BD 1 equalling US$2.65 and Omani rial at US$2.60.
In the wake of this currency reform, Egypt minted a gold coin known as the bedidlik, equal to 100 piastres, and a silver rial coin of 20 piastres corresponding to the Maria Theresa Thaler. In 1839, a piastre contained 1.146 grams of silver, and meanwhile the British gold sovereign was rated at 97.5 piastres.