Wednesday 19 January 2022

Bahrain vows to keep currency pegged to US dollar

MANAMA, June 26, 2018

The 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 the existing monetary policy, centred on a peg to the US dollar. The peg remains an important policy and provides an anchor for monetary policy which contributes to the stability of financial transactions and a positive impact on the overall economic and investment activities, the statement said.

The official exchange rate remains unchanged and is available on the Central Bank of Bahrain’s website, it added. – TradeArabia News Service

Tags: Bahrain | Dinar | currency peg | US Dollar |

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