The Bahraini dinar is the official currency of Bahrain, replacing the Gulf rupee in 1965. As of August 2024, 1 Bahraini dinar is worth 2.65 US dollars, so 20 dinars are worth 53.06 US dollars. Exchange rates fluctuate, so this amount may vary over time.
Characteristics | Values |
---|---|
Exchange rate | 1 Bahraini Dinar = 2.65 US Dollars |
Exchange rate | 20 Bahraini Dinars = 53.06-53.68 US Dollars |
Exchange rate | 1 Bahraini Dinar = 2.48 Euros |
Exchange rate | 20 Bahraini Dinars = 49.6 Euros |
Bahraini Dinar banknotes | BD ½, BD 1, BD 5, BD 10, BD 20 |
Bahraini Dinar coins | 5, 10, 25, 50, 100, 500 fils |
What You'll Learn
20 Bahraini Dinars = 53.68 US Dollars
The Bahraini dinar has been the official currency of Bahrain since 1965, when it replaced the Gulf rupee. The exchange rate between the Bahraini dinar and other currencies, such as the US dollar, is subject to change. As of September 29, 2024, 20 Bahraini dinars were worth 53.68 US dollars. This exchange rate is different from what it was on August 21, 2024, when 1 Bahraini dinar was worth $2.653 US dollars, which would make 20 dinars worth approximately $53.06.
The Bahraini dinar is also exchanged with other currencies, such as the United Arab Emirates dirham. As of August 5, 2024, 1 Bahraini dinar was worth 9.745 UAE dirhams, but it is unclear how much 20 dinars would be worth with this exchange rate.
The Central Bank of Bahrain issues the Bahraini dinar in denominations of ½, 1, 5, 10, and 20 dinars. The 20 Bahraini dinar note features the portrait of Hamad bin Isa bin Salman Al Khalifa, the King of Bahrain since 2002, on its front, with lettering in Arabic. The back of the note shows the Al Fateh Grand Mosque located in the Ahmed Al Fateh Islamic Center in Manama, with English lettering.
Bahrain's Best New Year Celebrations and Locations
You may want to see also
The Dinar is Bahrain's official currency
The Bahraini dinar is the second-highest valued currency in the world after the Kuwaiti dinar. It is pegged to the US dollar at a rate of 2.659:1. This means that 1 dinar always equals 2.659 US dollars. This rate was made official in 2001 via Decree (48) Article 1, and Saudi riyals are accepted at all points of sale in Bahrain at 10 to 1, except for the 500 riyal note, which is only accepted in major supermarkets, airports, and electronic shops.
The Bahraini dinar is abbreviated د.ب. (Arabic) or BD (Latin). The Bahraini dinar banknotes have denominations of 0.5, 1, 5, 10, and 20 dinars and coins valued at 5, 10, 25, 50, 100, and 500 fils, which are managed by the Central Bank of Bahrain. The Central Bank of Bahrain was previously known as the Bahrain Monetary Agency, which took over the issuance of paper money from the Bahrain Currency Board in 1973.
NSA Bahrain: A Strategic Military Base in the Middle East
You may want to see also
The Bahraini Dinar was introduced in 1965
As of September 2024, 1 Bahraini Dinar (BHD) is worth approximately 2.65 US dollars. Therefore, 20 BHD is worth approximately 53.06 USD.
The Bahraini Dinar
In 1964, the Bahrain Currency Board was established and issued a new family of Bahraini Dinar banknotes and coins on 7 October 1965. The new banknotes and coins, which replaced the Gulf Rupee, contained the following note denominations: BD10, BD5, BD1, BD1/2 and BD1/4, with coin denominations of 100, 50, 25, 10, 5 and 1 fils.
In 1965, coins were introduced in denominations of 1, 5, 10, 25, 50 and 100 fils. The 1, 5 and 10 fils were struck in bronze, with the others in cupro-nickel. The 1 fils coin was not produced after 1966 and no longer circulates.
On 16 October 1965, the Bahrain Currency Board introduced notes in denominations of 1/2, 1, 5 and 10 dinars; a 100-fils note was introduced on 2 September 1967.
Discover Bahrain's Official Language and Its Cultural Significance
You may want to see also
1 Bahraini Dinar = 1000 fils
The Bahraini Dinar is the currency of Bahrain, and it is divided into 1000 fils. The name dinar comes from the Roman denarius.
The Bahraini dinar was introduced in 1965, replacing the Gulf rupee at a rate of 10 rupees to 1 dinar. It was initially equivalent to 3/4 of a pound sterling (15 shillings). When the sterling was devalued in 1967, the dinar was re-pegged to 17s 6d sterling (7/8 of a pound). Bahraini coins and notes were introduced at that time.
In 1965, coins were introduced in denominations of 1, 5, 10, 25, 50, and 100 fils. The 1, 5, and 10 fils were struck in bronze, while the others were made of cupro-nickel. The 1 fils coin was not produced after 1966 and is no longer in circulation. A bimetallic 100 fils coin was introduced in October 1992. In 1992, brass replaced bronze in the 5 and 10 fils.
The Bahraini Dinar is usually represented with three decimal places denoting the fils. As of December 2021, it is the second-highest valued currency unit, at 2.65 United States dollars per unit.
To answer your question about how much 20 Bahraini Dinar is in US Dollars, the figure is 53.683503 US Dollars (as of 29 September 2024).
When Does Ramadan Begin in Bahrain?
You may want to see also
20 Bahraini Dinars = 20.51 Euros
The Bahraini Dinar is the official currency of Bahrain, with the symbol .د.ب. The Euro, on the other hand, is the official currency of the Eurozone and is used by over 343 million Europeans every day. As of 29 June 2024, 1 Bahraini Dinar was equal to 2.48 Euros. This means that 20 Bahraini Dinars are worth approximately 20.51 Euros.
The exchange rate between the two currencies fluctuates, and it is always worth checking the rate before exchanging your money. Exchange rates are influenced by a multitude of factors, including interest rates, inflation, and economic and political stability.
It is worth noting that exchange rates can also vary depending on the institution exchanging the currency, and it is always worth checking for any additional fees or charges that may be applied.
Bahrain's Double-Header: Why Two Races in One Country?
You may want to see also
Frequently asked questions
20 Bahraini dinar is worth approximately 53 US dollars.
20 Bahraini dinars are worth approximately 49.6 Euros.
20 Bahraini dinars are worth approximately 4428.44 Indian Rupees.
20 Bahraini dinars are worth approximately 8547.18 Japanese Yen.