Bahamian Dollar in Bahraini dinar

BSD Bahamian Dollar

Country of application:
Bahamas

Coin denominations in circulation:
1, 5, 10, 25 cents.

Denominations of banknotes in circulation:
1, 5, 10, 20, 50, 100 dollars.

History reference:
The Bahamian dollar has been the national currency and money of the Commonwealth of the Bahamas since 1966. It replaced the Bahamian pound when the islands were granted self-government, and later ind...ependence (although the country remained part of the British Commonwealth). The Bahamian dollar replaced the Bahamian pound, which was equal to the British pound sterling, divided into 20 shillings or 240 pence, at a ratio of 1 dollar = 7 shillings (1 dollar = 0.35 pounds) in 1966. At the same time, a transition was made to the decimal system - the Bahamian dollar began to equal 100 cents. During the transition to a new currency, three-dollar bills and coins of fifteen cents were introduced, since three dollars are approximately equal to one pound, and fifteen cents - 1 shilling, which was convenient during the transition period.

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.