Exchange Rate in Bahrain
Bahrain - Exchange RateEconomic growth moderated in the third quarter, due to a contraction in the mining and quarrying sector and softer manufacturing growth. However, higher oil prices cushioned the slowdown. Looking at the fourth quarter, the large fall in oil prices likely depressed the mining and quarrying sector and dragged on the economy’s performance. Encouragingly, the recently secured financial aid package from the Gulf Cooperation Council motivated Moody’s to upgrade Bahrain’s credit rating outlook from negative to stable in December. Also, in December, Sheikh Salman bin Khalifa Al Khalifa was appointed as the new finance minister following parliamentary elections. Moreover, the value-added tax introduced on 1 January will help narrow the fiscal deficit.
Bahrain - Exchange Rate Data
|Exchange Rate (vs USD)||0.38||0.38||0.38||0.38||0.38|
5 years of economic forecasts for more than 30 economic indicators.
Bahrain Exchange Rate Chart
Source: Thomson Reuters.
|Exchange Rate||0.38||0.03 %||Jan 14|
|Stock Market||1,344||0.04 %||Jan 14|
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