# Bahraini dinar

> currency of Bahrain

**Wikidata**: [Q201871](https://www.wikidata.org/wiki/Q201871)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Bahraini_dinar)  
**Source**: https://4ort.xyz/entity/bahraini-dinar

## Summary
The Bahraini dinar is the official currency of Bahrain, a country in the Persian Gulf. It was introduced in 1965, replacing the Gulf rupee, and is issued and regulated by the Central Bank of Bahrain. The dinar is a key medium of exchange for goods and services within Bahrain and is part of the broader dinar currency family used in several Arab states.

## Key Facts
- The Bahraini dinar is the currency of Bahrain, a sovereign state in the Persian Gulf.
- It was introduced in 1965, succeeding the Gulf rupee, which was used in the region between 1959 and 1966.
- The Central Bank of Bahrain is responsible for issuing and regulating the dinar.
- The dinar is classified as a generally accepted medium of exchange for goods and services.
- Bahrain is a member of the League of Arab States, an organization of Arab states founded in 1945.
- The Central Bank of Bahrain was established in 1973 and is headquartered in Manama, Bahrain.

## FAQs
- **What is the Bahraini dinar used for?** The Bahraini dinar is used as a medium of exchange for goods and services within Bahrain.
- **Who regulates the Bahraini dinar?** The Central Bank of Bahrain is responsible for issuing and regulating the dinar.
- **When was the Bahraini dinar introduced?** The dinar was introduced in 1965, replacing the Gulf rupee.
- **What organization is Bahrain a member of?** Bahrain is a member of the League of Arab States, founded in 1945.
- **What was the currency before the Bahraini dinar?** The Gulf rupee was used in the region between 1959 and 1966 before being replaced by the dinar.

## Why It Matters
The Bahraini dinar plays a crucial role in the economy of Bahrain, facilitating trade and financial transactions. Its introduction in 1965 helped stabilize the currency system in the region, replacing the Gulf rupee, which had been in use since 1959. The Central Bank of Bahrain ensures the stability and circulation of the dinar, supporting economic growth and development in the country. As part of the dinar currency family, the Bahraini dinar is also connected to other Arab economies, fostering regional economic cooperation.

## Notable For
- Being the official currency of Bahrain since 1965.
- Succeeding the Gulf rupee, which was used in the region from 1959 to 1966.
- Being regulated by the Central Bank of Bahrain, established in 1973.
- Being part of the dinar currency family, shared with other Arab states.
- Supporting economic stability and trade within Bahrain.

## Body
### Overview
The Bahraini dinar is the official currency of Bahrain, a country in the Persian Gulf. It is a generally accepted medium of exchange for goods and services within the country. The dinar was introduced in 1965, replacing the Gulf rupee, which had been in use since 1959. The Central Bank of Bahrain is responsible for issuing and regulating the dinar, ensuring its stability and circulation.

### History
The Bahraini dinar succeeded the Gulf rupee, which was used in several countries of the Persian Gulf and the Arabian Peninsula between 1959 and 1966. The introduction of the dinar in 1965 helped stabilize the currency system in the region. The Central Bank of Bahrain was established in 1973 to oversee the issuance and regulation of the dinar.

### Economic Role
The Bahraini dinar plays a crucial role in the economy of Bahrain, facilitating trade and financial transactions. Its stability is essential for supporting economic growth and development in the country. The Central Bank of Bahrain ensures the dinar's value and availability, contributing to the overall economic stability of Bahrain.

### Regional Connections
Bahrain is a member of the League of Arab States, an organization of Arab states founded in 1945. The League of Arab States promotes cooperation and unity among its member states, including those that use the dinar currency. The Bahraini dinar is part of the dinar currency family, shared with other Arab economies, fostering regional economic cooperation.

### Regulatory Framework
The Central Bank of Bahrain is headquartered in Manama and is responsible for issuing and regulating the Bahraini dinar. The bank was established in 1973 and plays a key role in maintaining the currency's stability and circulation. Its oversight ensures that the dinar remains a reliable medium of exchange within Bahrain.

## References

1. Freebase Data Dumps. 2013