The Indian rupee was dominant in Gulf countries. Learn more about it. Indian currency was used in the Middle East! Why didn’t Kuwait and Qatar have their own currency? The Indian rupee was once used in many Gulf and Middle Eastern countries. Even after independence, the Indian rupee remained in circulation in countries like Oman, Qatar, Bahrain, the UAE, and Kuwait from 1947 to 1966.
When the Indian rupee was dominant in Gulf: A Forgotten Economic History The story of how the Indian rupee was dominant in Gulf countries is a fascinating and often overlooked chapter of global economic history. Today, nations like Kuwait, Qatar, Bahrain, United Arab Emirates, and Oman have their own strong currencies. However, there was a…
