CBB Issues New Currency For Eid Al Fitr

Manama, Bahrain - 16 August 2012 - The Central Bank of Bahrain (CBB) issued new currency notes and coins worth BD16.9 million, in the run-up to Eid Al Fitr; which have been delivered to commercial banks in the Kingdom.

The new notes and coins are being issued to meet the increased demand for new currency. The new notes amount to BD16.5 million, while the value of the freshly minted coins is BD364,155

Of the new currency being issued, BD3 million is in 20 Dinar denomination, BD6.5 is of 10 Dinar denomination, BD2.75 million of the 5 Dinar note denomination, BD3.1 million in BD1 denomination and BD1.15 million in the ½ Dinar denomination.

Of the coins, BD281,600 worth of coins are being released in 100 fils denomination; BD56,500 in 50 fils denomination; BD22,050 in 25 fils denomination; BD2,280 in 10 fils denomination; and BD1,725 in 5 fils denomination.

"Traditionally, the demand for new notes and coins increases in the run-up to the Eid celebrations, particularly Eid Al Fitr," said Mr. Farid Zubari, Director, Currency Issue, at the CBB.

"I would like to highlight to the public the importance of depositing either spoiled or unfit currency in their banks in order for the Central Bank to destroy them" added Mr. Zubari.

Meanwhile, total money in circulation in Bahrain reached BD 531.7 million today (16 August 2012). This compared with BD532.7 million worth of money in circulation end of Ramadan last year.

Mr. Zubari has added that the increase in money in circulation during Ramadan this year has been 9.7% an additional amount of BD47.1 million.