Currency Rate Bahraini Dinar to USD
Our Currency Rate BHD latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the BHD. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
BHD 2.455650
Selling rate
BHD2.852587
The Bahraini Dinar (BHD) is the official currency of the Kingdom of Bahrain, symbolized by "BD" or "ب.د". Introduced in 1965, it replaced the Gulf rupee. The dinar is subdivided into 1,000 smaller units called "fils". The Central Bank of Bahrain oversees the issuance and regulation of the dinar, ensuring its stability and integrity. Since its introduction, the Bahraini Dinar has been a symbol of Bahrain's economic strength and stability, playing a vital role in facilitating domestic and international transactions.
Currency Details
Symbol: BD or ب.د
ISO Code: BHD
Subunits: 1 Dinar = 1,000 fils
Banknotes and Coins
The BHD is available in both coins and banknotes:
Coins:
5 fils
10 fils
25 fils
50 fils
100 fils
500 fils
Banknotes:
1/2 dinars
1 dinars
5 dinars
10 dinars
20 dinars
50 dinars
History and Background
The Bahraini Dinar was introduced on August 7, 1965, replacing the Gulf rupee at a rate of 1 dinar = 10 rupees. This transition marked a significant step towards economic independence for Bahrain. The dinar's stability has contributed to Bahrain's reputation as a financial hub in the Middle East.
Economic Significance
The BHD is essential to Bahrain's economy, supporting trade, investment, and financial transactions. Bahrain's economy is diversified, with sectors such as finance, petroleum processing, and tourism playing crucial roles. The stability of the dinar fosters confidence among investors and businesses operating in Bahrain.
Usage and Exchange
The Bahraini Dinar is widely accepted throughout Bahrain for all transactions, including retail purchases, services, and investments. Foreign currency exchange services are readily available at banks, exchange bureaus, and airports across the country. Credit and debit cards are commonly used, offering convenience to both residents and visitors.
Conclusion
Beyond its role as a medium of exchange, the Bahraini Dinar embodies Bahrain's economic resilience and prosperity. Understanding the BHD is essential for navigating Bahrain's dynamic economy and vibrant society. The stability and accessibility of the Bahraini Dinar contribute to Bahrain's economic growth and development, making it a cornerstone of the nation's financial success.
Currency Details
Symbol: BD or ب.د
ISO Code: BHD
Subunits: 1 Dinar = 1,000 fils
Banknotes and Coins
The BHD is available in both coins and banknotes:
Coins:
5 fils
10 fils
25 fils
50 fils
100 fils
500 fils
Banknotes:
1/2 dinars
1 dinars
5 dinars
10 dinars
20 dinars
50 dinars
History and Background
The Bahraini Dinar was introduced on August 7, 1965, replacing the Gulf rupee at a rate of 1 dinar = 10 rupees. This transition marked a significant step towards economic independence for Bahrain. The dinar's stability has contributed to Bahrain's reputation as a financial hub in the Middle East.
Economic Significance
The BHD is essential to Bahrain's economy, supporting trade, investment, and financial transactions. Bahrain's economy is diversified, with sectors such as finance, petroleum processing, and tourism playing crucial roles. The stability of the dinar fosters confidence among investors and businesses operating in Bahrain.
Usage and Exchange
The Bahraini Dinar is widely accepted throughout Bahrain for all transactions, including retail purchases, services, and investments. Foreign currency exchange services are readily available at banks, exchange bureaus, and airports across the country. Credit and debit cards are commonly used, offering convenience to both residents and visitors.
Conclusion
Beyond its role as a medium of exchange, the Bahraini Dinar embodies Bahrain's economic resilience and prosperity. Understanding the BHD is essential for navigating Bahrain's dynamic economy and vibrant society. The stability and accessibility of the Bahraini Dinar contribute to Bahrain's economic growth and development, making it a cornerstone of the nation's financial success.