The Bahrain Monetary Agency (BMA) is issuing new currency notes and coins worth 24.07 million Bahraini dinars ($63 million) in the run-up to the Eid Al-Fitr holiday.
The new notes and coins are being issued to meet the increased demand for new currency, to be given as Eid gifts. Of the new currency, BD 19.45 million will be in the form of notes and BD 622,000 in coins.
Some BD 14 million of the total notes are being released in BD 20 denomination, seven million dinars in BD 10 denomination, BD 1.75 million in five dinar denomination and BD 1.70 million in one dinar denomination, stated a press release.
Of the coins, BD 400,000 worth of coins are being released in 500 fils denomination, BD 180,000 in 100 fils denomination, BD 32,000 in 50 fils denomination and BD 10,000 in 25 fils denomination.
Meanwhile, total money in circulation in Bahrain reached an all-time record of BD 205.56 million on November 22, 2003, compared to BD 187.42 million in circulation on December 4, 2002, which was the day before Eid Al-Fitr last year. — (menareport.com)
© 2003 Mena Report (www.menareport.com )