Asian currencies
This is the list of currencies presently in circulation in Asia.
Decimalisation or decimalization is the conversion of a system of currency or of weights and measures to units related by powers of 10.
The Kuwaiti dinar is the currency of Kuwait. It is sub-divided into 1,000 fulūs.
The Iraqi dinar is the currency of Iraq. It is issued by the Central Bank of Iraq and is subdivided into 1,000 fils (فلس), although inflation has rendered the fils obsolete since 1990. On 7 February 2023, the exchange rate with the US Dollar was US$1 = 1300 dinars.
The Arab Emirates Dirham (; Arabic: درهم إماراتي, abbreviation: د.إ in Arabic, Dh and Dhs or DH in Latin; ISO code: AED is the official currency of the United Arab Emirates. The dirham is subdivided into 100 fils . It is pegged to the United States Dollar at a constant exchange rate of approximately 3.67 AED to 1 USD.
The rial is the official currency of Iran. It is subdivided into 100 dinars, but due to the rial's low purchasing power the dinar is not practically used. While POS terminals are in use in Iran, the country does not participate in any of the major international card networks due to sanctions between it and the United States. Travelers are instead advised to load money onto a local prepaid card account.
The dinar is the currency of Bahrain. It is divided into 1000 fils (فلس). The Bahraini dinar is abbreviated د.ب (Arabic) or BD (Latin). It is usually represented with three decimal places denoting the fils.
The Omani rial is the currency of Oman. It is divided into 1000 baisa.
The Qatari riyal is the currency of the State of Qatar. It is divided into 100 dirhams.
A coin wrapper, sometimes known as a bank roll or roll, is a paper or plastic container for a number of coins. In the 19th century, coins were distributed in large cloth bags and coins were hand wrapped. Since the onset of the 20th century, coin wrapping machines have been in use. The earliest patent for a coin wrapping machine was in 1901. By 1910, automatic coin counting machines were in use, which could reject counterfeit coins, wrap coins, and crimp the coin wrapper ends.
The history and development of British currency in the Middle East emerged from the 19th century. British involvement in the Middle East began with the Aden Settlement in 1839. The British East India Company established an anti-piracy station in Aden to protect British shipping that was sailing to and from India. The Trucial States were similarly brought into the British Empire as a base for suppressing sea piracy in the Persian Gulf. Involvement in the region expanded to Egypt because of the Suez canal, as well as to Bahrain, Qatar, and Muscat. Kuwait was added in 1899 because of fears about the proposed Berlin-Baghdad Railway. There was a growing fear in the United Kingdom that Germany was a rising power, and there was concern about the implications of access to the Persian Gulf that would arise from the Berlin-Baghdad Railway. After the First World War the British influence in the Middle East reached its fullest extent with the inclusion of Palestine, Transjordan and Iraq.
Consensus Economics is a global macroeconomic survey firm that polls more than 700 economists monthly for their forecasts for over 2000 macroeconomic indicators in 115 countries. The company is headquartered in London, United Kingdom.
