Exchange Rate Policy

Bahrain maintains an exchange rate peg at 0.376 Bahraini dinars to the US dollar. The exchange rate peg provides an anchor for monetary policy, which contributes to controlling inflation and protecting the external value of the currency.

The CBB offers a foreign exchange facility, implying that it stands ready to buy and sell US dollars, at rates very close to the official exchange rate. The CBB provides this facility to commercial banks located in the Kingdom of Bahrain.

published on: 21 Jun 12