MANAMA: The Bahrain Association of Banks (BAB) has called for strengthening the interest rate on Bahraini dinar, known as the Bahrain Interbank Offered Rate (BHIBOR), regionally and internationally, to become a reference for financial transactions in Bahrain and the region, which exceed billions of dollars a day.
A statement yesterday referred to the call by BAB chairman Adnan Yousif to promote the benchmark interest rate on Bahraini dinar after Britain announced its intention to abandon the London Interbank Offered Rate (LIBOR_ by the end of 2021 .
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