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Bahrain pegs Dinar to the US Dollar.

Asia Africa Intelligence Wire

| January 01, 2002 | COPYRIGHT 2002 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

The State of Bahrain recently ordered the fixation of its local Dinar currency against the US Dollar at $2.7, reported Al-Hayat. The decision entitles the Bahraini Monetary Authority to regulate dollar purchasing and selling activities by operating commercial banks ...

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