Bahrain - Money



The exchange rate of the Bahraini dinar is fixed to the U.S. dollar, which means that developments in the American economy have repercussions for Bahrain. Bahrain's central bank is the Bahrain Monetary Agency (BMA), an independent organization praised for its adherence to international standards.

Trade (expressed in billions of US$): Bahrain
Exports Imports
1975 1.107 1.189
1980 3.606 3.483
1985 2.897 3.107
1990 3.761 3.712
1995 4.113 3.716
1998 N/A 3.463
SOURCE: International Monetary Fund. International Financial Statistics Yearbook 1999.

Trade (expressed in billions of US$): Bahrain
Exports Imports
1975 1.107 1.189
1980 3.606 3.483
1985 2.897 3.107
1990 3.761 3.712
1995 4.113 3.716
1998 N/A 3.463
SOURCE : International Monetary Fund. International Financial Statistics Yearbook 1999.

Exchange rates: Bahrain
Bahraini dinars (BD) per US$1
2001 0.3760
2000 0.3760
1999 0.3760
1998 0.3760
1997 0.3760
1996 0.3760
Note: Fixed rate pegged to the US dollar.
SOURCE: CIA World Factbook 2001 [ONLINE].

The Bahrain Stock Exchange (BSE) opened in 1989, and in 1995 Bahrain and Oman signed an agreement linking their stock exchanges. The link-up allows cross-listing of companies on both exchanges, which between them have 110 listed companies with a total market capitalization of US$8.1 billion. In 1996, the Bahraini and Jordanian stock exchanges linked up, and the BSE also has links with the Sri Lankan and Bangladeshi exchanges and plans to link up with the Bombay Stock Exchange.

Also read article about Bahrain from Wikipedia

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