The Bahraini Dinar was introduced as a currency in 1965, six years before Bahrain gained full independence; it replaced the Gulf Rupee at a rate of 10 rupees = 1 dinar. The Dinar is subdivided into 1,000 Fils (the singular form is also Fils); hence it is usually represented with three decimal places denoting the Fils. The 100 Fils (0.100 Dinar) coin is a relatively small denomination.
The 1965 issue coins were larger in diameter and were made from cupronickel (copper-nickel alloy); there was also a commemorative silver coin of the same type in 1983. In 1992 this was changed to a slightly smaller bimetallic coin (copper-nickel centre and a brass outer ring) with a different design. In 2004, this coin was issued as the first circulating commemorative coin in the 100 Fils denomination, celebrating the First Grand Prix Formula One Championship race in Bahrain.
The Bahrain Grand Prix (Arabic: جائزة البحرين الكبرى) is a Formula One Championship race in Bahrain sponsored by Gulf Air. The first race took place at the Bahrain International Circuit on 4 April 2004. It made history as the first Formula One Grand Prix to be held in the Middle East, and was given the award for the "Best Organised Grand Prix" by the FIA.