Bahraini dinar in Gibraltar Pound

BHD Bahraini dinar

Country of application:
Bahrain

Coin denominations in circulation:
5, 10, 25, 50, 100, 1⁄2 (500 fils).

Denominations of banknotes in circulation:
1⁄2, 1, 5, 10, 20 dinars.

History reference:
The Bahraini Dinar is the official currency of Bahrain. Until 1959, the Indian rupee was in circulation in the country. British sovereigns and the Maria Theresa thaler were also used until it was rep...laced by the rupee. The Persian Gulf rupee depended on the Indian rupee. After the Indian rupee depreciated in 1965, the value of the Persian Gulf rupee also fell. As a result, the government of Bahrain decided to introduce its own currency into circulation. For some time in Abu Dhabi, the Bahraini dinar was used as the main currency, until it was replaced by the UAE dirham in 1973. Today, the Bahraini dinar is pegged to the US dollar.

GIP Gibraltar Pound

Country of application:
Gibraltar

Coin denominations in circulation:
5, 10, 20, 50 Gibraltar pound.

Denominations of banknotes in circulation:
1, 2, 5, 10, 20, 50 pennies, 1, 2, 5 Gibraltar pound.

History reference:
The Gibraltar pound has been the national currency and money of Gibraltar since 1927, although Gibraltar received the right to print its banknotes only in 1934. The Gibraltar pound is pegged to the p...ound sterling at a ratio of 1:1. The name Gibraltar comes from the ancient Arabic language, where it literally means "Mount Tariq" - the Arab commander Tariq ibn Ziyad, who crossed Gibraltar to Europe to capture the Iberian Peninsula. Currently, Gibraltar has the status of a British Overseas Territory, with sufficient autonomy. Gibraltar, which is part of the United Kingdom of Great Britain and Northern Ireland, is part of the EEC and the EEC customs union, but is not included in the euro area, which allows the territory to adopt its own liberal tax and financial laws, being an offshore zone.