DEFINITION of 'BHD (Bahraini Dinar)'
The currency abbreviation for the Bahrain dinar (BHD), the currency for Bahrain. The Bahraini dinar is made up of 1,000 fuloos, which is plural for fils, and is often presented with the symbol BD. It is a highly valued currency in the world and is pegged at 1 dinar to 2.652 U.S. dollars.
BREAKING DOWN 'BHD (Bahraini Dinar)'
Bahraini dinars were introduced in 1965, when they replaced the Persian Gulf rupee at a conversion rate of 1 dinar to 10 rupees. The Bahrain Currency Board issued the banknotes until 1973, after which they fell under the control of the Bahrain Monetary Agency (now called the Central Bank of Bahrain.)