Make Payments and Receive Payments in BHD - Bahraini Dinar
Pay in Bahraini Dinars (BHD)
Mondial Change allows you to make international payments in BHD (Bahraini Dinar) with ease. Manage your Bahraini Dinar beneficiaries, track your transactions in real-time, and enjoy a secure online platform. We do not charge any exchange commission on your BHD operations (a spread is applied to the exchange rate, which slightly degrades the interbank rate on the currency pair traded). Your customer rate is always communicated transparently before the validation of each of your transactions.
Receive Payments in BHD (Bahraini Dinar)
Mondial Change allows you to receive payments in Bahraini Dinar (BHD). Payments in BHD are received in a pool account held by one of our partners. This BHD account is provided to you free of charge. It allows you to receive BHD payments from your clients or subsidiaries. Once the funds are received in the pool account, they are reconciled in our partner's books and credited to your Bahraini Dinar (BHD) balance. These funds can be reused to make payments in BHD or converted into EUR or any other currency of your choice and repatriated to your bank account.
Do you want to hedge your exchange risk on the Bahraini Dinar (BHD)? Check our dedicated page for BHD currency hedging
Mondial Change Answers All Your Questions About Payments in Bahraini Dinars (BHD)
What is the timeframe for a BHD payment to be credited to the beneficiary's account?
It generally takes between 1 and 2 business days for a Bahraini Dinar transfer to be credited to the beneficiary's account. However, please note that these timeframes are not contractual, and our partners responsible for executing and routing payments cannot be held liable if BHD payments are credited beyond 2 business days to the beneficiary's account.
What are the fees for a payment in Bahraini Dinar (BHD)?
The fees applied to transfers in Bahraini Dinar (BHD) generally range from 0 to 10 euros, depending on the agreement with Mondial Change's trading room. The rate primarily depends on your annual BHD exchange volume and the number of Bahraini Dinar payments made during the year.
Are there minimum or maximum amounts for payments in Bahraini Dinar (BHD)?
Mondial Change and its partners verify that your Bahraini Dinar flows are consistent with the data declared during account opening and consistent with your activity volume to ensure compliance and security. If restrictions apply to transaction volumes, they will be communicated to you well in advance of the validation of your operations.
What are the specific rules for executing a payment in Bahraini Dinar (BHD)?
"For BHD payments via the SWIFT network, simply provide the following information:
• Full name of the beneficiary
• Full address of the beneficiary
• IBAN
• SWIFT code of the beneficiary's bank "
Is it possible to modify a payment in Bahraini Dinar (BHD) after it has been executed?
Yes, it is possible with some of our partners to modify a payment in Bahraini Dinar (BHD) even after it has been sent in SWIFT. If you have, for example, made an error in the beneficiary's name or account number, the correction is made through a SWIFT amendment. If the payment has not been executed via the SWIFT network, then it is not possible to make such amendments, and you must wait for the payment to be returned if applicable.
Is the Bahraini Dinar (BHD) account provided to you a bank account and is it nominative?
The Bahraini Dinar (BHD) account for which we provide you with the details is a bank account opened in the name of one of our partners. It is a pool account where all BHD transfers are received. The reconciliation of funds on your BHD balance is generally done with your client account reference. You have a guarantee of segregation of your funds in our partners' books.
Is it possible to retain Bahraini Dinars (BHD) on the BHD account provided to you?
You can use this Bahraini Dinar (BHD) account to receive Bahraini Dinars. The currencies will then be credited to your BHD balance opened in our partner's books. The funds can then be reused to issue payments in Bahraini Dinar or be converted into other currencies.
What are the holidays when payments in Bahraini Dinar (BHD) cannot be executed?
January 1st: New Year’s Day
Variable date: Eid al-Fitr
May 1st: Labour Day
Variable date: Eid al-Adha
Variable date: Hijri New Year
Variable date: Ashura
Variable date: Mawlid (Prophet Mohammed's Birthday)
December 16th: Bahrain National Day
December 17th: Second day of National Day
History of the Bahraini Dinar
The Bahraini Dinar (BHD) is the official currency of the Kingdom of Bahrain, a small island state located in the Persian Gulf. Introduced in 1965 to replace the Gulf Rupee, the Bahraini Dinar is now one of the strongest currencies in the world. It is subdivided into 1,000 fils, allowing for great precision in financial transactions. The currency code BHD is used to facilitate exchange operations and international payments involving Bahrain. Whether you are an energy sector professional, an investor, or a visitor, it is essential to understand the Bahraini Dinar and be aware of its economic and financial characteristics.
Monetary Policy of the Bahraini Dinar
The Central Bank of Bahrain is the institution responsible for the monetary policy of the Bahraini Dinar (BHD). Its main role is to regulate and supervise the financial and monetary system of the Kingdom. The primary objective of this policy is to maintain price stability and ensure confidence in the national currency. To achieve these goals, the Central Bank closely monitors capital flows, foreign exchange reserves, and the level of inflation. It uses various instruments, such as bank reserve requirements, lending facilities, and foreign exchange market interventions, to influence the economy. The Bahraini Dinar is pegged to the US dollar at a fixed rate, contributing to its status as one of the most stable and strongest currencies in the world.
Features of the Bahraini Dinar
The Bahraini Dinar (BHD) has unique characteristics that distinguish it from other currencies. Firstly, it is pegged to the US dollar at a fixed rate, meaning it enjoys a stable parity with the dollar. This linkage offers great stability and predictability in commercial and financial exchanges involving the Bahraini Dinar. Additionally, the Bahraini Dinar is widely accepted throughout the Kingdom of Bahrain for payments in stores, restaurants, hotels, and other financial transactions. Finally, Bahraini Dinar banknotes are equipped with advanced security features to combat counterfeiting, such as holograms, watermarks, and special inks. This enhanced security ensures the integrity of the currency and strengthens user confidence in Bahrain's financial system.