BAHRAIN

(dinar = 1000 fils)

50-BHD

!!! Attention false 20 Bahrain dinar notes

In June 1998, just when Bahrain introduced new series notes, modifications to the notes that had been issued since 1993, a mighty confidence trick rocked the Bahrain Monetary Agency and threatened the stability of the Bahraini Dinar. A few mounts before that, several men successfully portrayed themselves as representatives of the Bank of Bahrain, presented a forged order for 20-dinar notes from the Bahrain Monetary Agency and a contract for Ciccone Calcografica (an Argentinian security printer based in Buenos Aires) to supply 20-dinar notes was subsequently signed on 13 January 1998. The notes were printed in May and June and big amounts notes were then shipped under control of the criminal gang to a number of countries in all the world. The process of identifying the forgeries was undoubtedly confused by the recent release of the 20-dinar note with the hologram. At the time the forgeries were being presented for payment, there were three types of 20-dinar notes in circulation the 1993 issue (without the hologram), the 1998 issue (with the hologram), and the 1998 forgeries (without the hologram).

As compared with the genuine BD20 note, there is a gap between the two Arabic letters to the left of the serial number in the right hand corner on the front of the note.

On 8 June 1998 the Bahrain Monetary Agency issued a press release advised that the forgeries were not legal tender, but they could be exchanged at the commercial banks by individuals who had accepted them in good faith. Six days after, on 14 June 1998, the Bahrain Monetary Agency issued a second press release. After again stressing that the forgeries were not legal tender, the press release announced that, from Monday 15 June, the forgeries could no longer be exchanged at the commercial banks. Anyone presenting forged notes from this date did so at his own risk and responsibility. Bahrain ordered the withdrawal of all 20-dinar notes on 30 July 1998. Therefore, the 20-dinar note issued in June 1998, with the hologram, circulated for only six to seven weeks. On 1 August 1998 the Bahrain Monetary Agency issued a new 20-dinar note, which was of the same pattern as the previous 20-dinar notes, issued in 1993 and 1998, but was peach-coloured instead of purple. The new notes carried the hologram introduced to the recently released, high denomination notes.

Text Box: 	The Bahraini dinar is the official currency of Bahrain. The ISO 4217 currency code is BHD. It is divided into 1000 fils. The name dinar derives from the Roman denarius. 	The dinar was introduced in 1965, replacing the Gulf Rupee at a rate of 10 rupees = 1 dinar. In December 1980, the dinar was officially pegged to the IMF's Special Drawing Rights (SDRs). In practice, it is fixed at 1 U.S. dollar = BD .376, which translates to approximately 1 dinar = 2.65957 dollars. This rate was made official in 2001. 
	It is the third highest valued currency unit after the Kuwaiti dinar and Maltese lira.

correspondence of digits

Text Box: Import / Export restrictions:
	Foreign currency:
  In: free
 Out: free
	Local currency:
  In: free
 Out: free

NOTES in circulation (2008+)

COINS in circulation (1992+)

older redeemable COINS (1964+)

Oval: to the rates

BHD 20 (2008, 16)

BHD 10 (2008,16)

BHD 5 (2008,17)

BHD 1 (2008,17)

BHD 1/2 (2008,17)

older NOTES (1964+) exchangeable with no time limits

Attention with the false ones!!

Not exchangeable !!!

Area

(sq km)

Population (2005)

Language/Ethnicity

Ethnicity / Religion

Life duration

GDP per capita

(world position)

665

698 585

Arabic, English

Islam (Shiite) 70 %

male 71.76

 

Al-Manamah 149 900

Farsi, Urdu

Islam (Sunni) 30 %

female 76.78

2005 : 20 500 (50)

 

 

 

 

 

The original 20-dinar note (1993)

The false one (a gap between two letters)

The 20-dinar note with the hologram (from 6.1998 till 30.07.1998)

The peach and orange coloured 20-dinar note (1.08.1998)

500 fils (2000)(27mm, 9g)

100 fils (1992+)(24mm, 6g)

50 fils (1992+)(22mm, 3.5g)

25 fils (1992+)(20mm, 2.35g)

10 fils (1992+)(21mm, 3.35g)

5 fils (1992+)(19mm,2.5g)

500 fils (1965-68)

250 fils (1969-83)

100 fils (1965)

50 fils (1965)

25 fils (1965)

10 fils (1965)

 

NOTES and COINS we buy

buy / sell

% fixing

Valid till:

BHD 20, 10, 5, 1, 1/2 (2008+)

xx / xx %

older BHD (1964+)

xx / xx %

no limits

100 fils, 1/4 dinar (1964)

no

not exchangeable!

!!!! fake 20 (see below)

fils 500, 100, 50, 25, 10, 5 (1992+)

xx / xx %

fils 500, 250,100, 50, 25, 10, 5, 1 (1965+)(should be exchangeable)

xx / xx %

??

BHD 20 (2001)

BHD 20 (1.8.1998)

BHD 20 (1993)

BHD 20 (1973)

BHD 10 (1998)

BHD 10 (1993)

BHD 10 (1973)

BHD 10 (1964)

BHD 5 (1993,8 )

BHD 5 (1973)

BHD 5 (1964)

BHD 1 (1993,1998 similar)

BHD 1 (1973)

BHD 1 (1964)

BHD 1/2 (2001,1996,1993)

BHD 1/2 (1973)

BHD 1/2 (1964)

BHD 1/4 (1964)