Bahrainian Monetary Unit (Noun)
Meaning
Monetary unit in Bahrain.
Classification
Nouns denoting quantities and units of measure.
Examples
- The Bahraini Dinar is the Bahrainian monetary unit used in Bahrain.
- Bahrain switched its Bahrainian monetary unit from the Indian Rupee to the Gulf Rupee in the early 1960s.
- The Bahraini government regulates the value of the Bahrainian monetary unit in relation to major foreign currencies.
- The Bahrainian monetary unit is pegged to the US dollar at a fixed exchange rate of 1 US dollar equals 0.376 Bahraini Dinars.
- The Bahraini Dinar was introduced in 1965 as the new Bahrainian monetary unit, replacing the Gulf Rupee.