The history of Bahrain Currency shows a significant influence of several countries' currency system. The country of Bahrain was an independent domain ruled by the Al Khalifa dynasty. Then Bahrain became a British colony from December 1880 till it acquired its freedom on August, 1971.
Indian Rupees or INR distributed in the state of Bahrain till April, 1959. Next the Persian Gulf Rupee (also known as XPGR), introduced by the Reserve Bank of India significantly for usage in the Persian Gulf was also circulated within Bahrain. Usually the Indian Rupee was dividable into 16 Annas, while the Persian Gulf Rupee was found to be dividable into 100 Naye Paise.
The Bahraini Dinar or BHD substituted the Persian Gulf Rupee in October 1965 at the price of 1 Bahrain Dinar equivalent to 10 Persian Gulf Rupees. The Bahrain Currency or Bahraini Dinar is dividable into 1000 Fils. The Bahraini Dinar is considered as the official currency of the country of Bahrain.
Banknotes in Bahrain were made out by the Bahrain Currency Board since 1964 till 1973, and next by the Bahrain Monetary Agency since the year of 1973.
