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Bahrain vows to keep currency pegged to US dollarThe Central Bank of Bahrain (CBB) said in a statement that it is committed to keeping its currency pegged to the US dollar set at 0.37608 and has no plans to alter the Bahraini dinar's value. The CBB has confirmed maintaining More… |
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CBB introduces new features to banknotesThe Central Bank of Bahrain has announced that it will issue the BD5, BD1 and BD1/2 denominations of the fourth issue of the Bahraini dinar, with a change in the position and size of the identification feature for the visually impaired. More… |
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Iraq devalues dinar as oil prices hurtIraq's central bank has increased the sale price of US dollars to banks and currency exchange companies by 16 dinars, or 1.37 percent, as the government seeks to compensate a decline in oil revenue, a government official and the central bank More… |
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Islamic State announces new gold currencyIslamic Sate (IS) has announced the creation of a new currency in gold, silver and copper, featuring a world map, including the Americas, where the group said its reign will reach. The group said its own dinars and dirhams will hu More… |
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Algerian dinar hits historic low versus dollarAlgeria's currency has slipped to a record low against the US dollar, a central bank source said Monday, as falling crude prices more than halved vital oil revenues and hit public finances. The central bank, which keeps the di More… |
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Indian workers cash in on rupee slumpIndian migrant workers in Bahrain are cashing in on a slump in the rupee, which hit an all-time low against the US dollar this week, a report said. The currency has dropped in value by 16.5 per cent since May - making it more prof More… |
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Iraq dinar is a long-term betMany Iraqis have lost faith in their dinar currency but to some foreign speculators, it promises big profits. The contrast underlines the uncertainties of investing in Iraq as the country recovers from years of war and economic sanctions. More… |
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Bahraini dinar-dollar peg safe say analystsThe central bank's tight control over the foreign exchange market, and the possibility of other Gulf countries providing financial support, mean there is no threat to Bahraini dinar's peg against the US dollar, analysts said. Bahra More… |
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Bahrain cbank warns against defaced notesThe Central Bank of Bahrain has alerted the public to be cautious when dealing with Bahraini dinar notes that have been defaced with written marks or drawings. This warning is issued in order to avoid such notes being rejected when transac More… |
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Kuwait allows big dinar riseKuwait let its dinar currency rise 0.79 percent against the dollar on Sunday, the second-biggest one-day jump since it dropped its peg to the US dollar in May, and taking the cumulative gain to 8.29 percent. The dinar will trade around a m More… |
