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The dinar was introduced in 1965, replacing the Gulf rupee. In 2001 the dinar was officially pegged to the US Dollar at 1 USDr = BD 0.376, which translates to approximately 1 dinar = 2.65957 dollars and, consequently, 10 Saudi Arabian Riyals. It is the second highest valued currency.
In 2003, Turkey passed a law that allowed for the removal of six zeroes from the currency, and the creation of the new lira. It was introduced in 2005, replacing the previous lira. The word 'new' will be removed on January 1, 2009.
1 BHD = 4.6931 TRY
Bahraini DinarTurkish New Lira
