Forex Glossary

Bahrain Dinars (BHD)

The Bahrain Dinars (BHD) is the official currency of Bahrain, a small island nation in the Arabian Gulf.

The dinar is one of the strongest currencies globally, known for its high value compared to others.

It is used in daily transactions, from grocery shopping to service payments, and is vital for the country’s trade and commerce.

Knowing the Bahraini Dinar is essential for anyone interested in Bahrain’s economy or planning to visit the country.

What is the Bahrain Dinars (BHD)?

The Bahrain Dinars (BHD) is the official currency of Bahrain, a small island country in the Persian Gulf. 

The dinar is a vital part of everyday life for the people of Bahrain, helping them buy goods and services. 

The Bahrain Dinars (BHD) is indeed one of the most valuable currencies globally, known for its high exchange rate compared to many other currencies. 

1 Bahrain Dinars is often worth around 2.65 U.S. dollars, making it one of the strongest currencies in the world.

Symbol of the Bahraini Dinars

The symbol for the Bahrain Dinars is ب.د in Arabic and BD in English. This symbol helps people easily identify the currency when making transactions. 

Knowing the symbol is useful, especially when checking prices in shops, restaurants, or when using services in Bahrain.

Subunit of the Bahraini Dinar

The Bahrain Dinars (BHD) is divided into 1,000 smaller units called fils. This means that just like 1 U.S. One dollar consists of 100 cents, while one Bahraini dinar consists of 1,000 fils.

This division allows for smaller transactions and makes it easier to give change.

What is the exchange rate of the Bahraini Dinar and Other Currencies

The Bahrain Dinars (BHD) ranks as one of the highest-valued currencies in the world. This means that it can be worth more than many other currencies, such as the U.S. Dollar or the Euro. 

For example, 1 Bahrain dinar (BHD) is worth approximately 2.65 U.S. Dollars. Visitors to Bahrain should be aware of exchange rates to understand how much their money is worth when they travel.

Coins in the Bahraini Dinar

The Bahraini Dinars (BHD) is represented by various coins, each with its unique design and color, making them easy to identify. 

The coins include the 1 Fils Coin, which is bronze and measures 18 mm in diameter, featuring the Bahrain coat of arms that represents the country’s heritage and pride. 

The 5 Fils Coin, also bronze, is slightly larger at 20 mm and displays an image of a palm tree, symbolizing Bahrain’s natural beauty. 

The 10 Fils Coin is made of nickel-plated steel, is silver in color, and measures 21 mm; it showcases a traditional dhow, highlighting Bahrain’s rich maritime history. 

The 25 Fils Coin is also silver, 23 mm in diameter, and features the famous Bahrain Fort. 

The 50 Fils Coin, another silver coin, measures 25 mm and displays an image of a pearl, reflecting Bahrain’s history of pearl diving.

The 1 Dinar Coin is gold-colored, made of brass, measures 26 mm, and features the national emblem of Bahrain, symbolizing the country’s identity.

Banknotes of the Bahraini Dinar

The Bahrain Dinars (BHD) is available in several banknotes used for larger transactions. 

The 1 Dinar Banknote is red and measures 156 mm x 66 mm, featuring the Bahrain World Trade Center, a prominent building in the capital city, Manama. 

The 5 Dinar Banknote is green and displays a picture of the Al Fateh Grand Mosque, one of the largest mosques in Bahrain. 

The 10 Dinar Banknote is blue and shows an image of the Bahrain Financial Harbour, highlighting the country’s economic significance. 

The 20 Dinar Banknote is orange and features a design of a traditional Arabic coffee pot, representing local culture. 

The 50 Dinar Banknote is brown and showcases the Bahrain International Circuit, famous for hosting Formula One races.

How much is 10 thousand dinars in Naira?

To convert 10,000 Bahraini Dinars (BHD) to Nigerian Naira (NGN), the current exchange rate is 4,443.66 NGN for 1 BHD. 

Then, 10,000 BHD would equal about 44,436,600 NGN.

If you need the most up-to-date rates or additional conversions, you might want to check platforms like Wise for real-time currency conversion information.

Conclusion 

The Bahraini Dinars (BHD) is a vital currency that plays a significant role in Bahrain’s economy. 

With its distinct coins and banknotes, each featuring unique designs that reflect the country’s culture and heritage, the BHD is more than just a medium of exchange. 

Its stability and strength make it one of the world’s highest-valued currencies, instilling confidence in investors and traders.

Whether traveling to Bahrain or engaging in financial transactions, understanding the dinar can enhance your experience.

Leave a Reply

Reach us on WhatsApp
1

Join waitlist

Stay equipped and build your knowledge around the financial market. Get notified when we have fully launched.

coming soon app