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1/2 Dinar

Issuer Bahrain Monetary Agency
Year 1996-1998
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Value 1/2 Dinar
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Obverse lettering مؤسسة نقد البحرين
ورقة نقدية صادرة بموجب القانون رقم ٢٣/١٩٧٣
نصف دينار
رئيس مجلس مؤسسة النقد
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Reverse lettering BAHRAIN MONETARY AGENCY
HALF DINAR
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Comments

The Bahrain Monetary Agency's second series, of which this is the lowest denomination, was introduced progressively from 1993 onward as a full replacement for the first dinar notes issued after Bahrain's independence from British protection in 1971. The half-dinar slot was a practical necessity in a country where the dinar was pegged at a high fixed rate against the US dollar — a rate Bahrain has maintained without adjustment since 1980, making fractional denominations genuinely useful in everyday transactions rather than nominal.

Thomas De La Rue produced the entire series. The 1/2 dinar carries only a watermark as its primary security feature, a relatively modest specification by the standards of the late 1990s.

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