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The sheqel has been a freely convertible currency since January 1, 2003. The currency is not produced in Israel, as the country has no mint. Instead banknotes are imported by air and coins by sea.
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.
1 ILS = 0.1010 BHD
Israeli SheqelBahraini Dinar
