British currency in the Middle East already risen in value against the pound sterling as a result of sterling's devaluation in 1967, and so the new Omani rial was not equal in value to the dinars in the nearby territories. The currency units that are used in Israel, Jordan, Iraq, Kuwait, Bahrain, Oman, and the Yemen are all descended from the pound sterling unit, while the currency units that are used in Saudi Arabia, Qatar, and the United Arab Emirates are all descended from the Maria Theresa Thaler. This largely explains the factor of ten difference in value on average between Bahrain, Kuwait and Oman on
Twopence (British pre-decimal coin) below and to the right. Above, on the rim, is incused the word , and on the rim below the image is incused the date . The reverse was also designed by Kuchler. The word appears next to the shield, indicating that the coin came from the Soho Mint. Twopence (British pre-decimal coin) The pre-decimal twopence (2d) was a coin worth one one-hundred-and-twentieth of a pound sterling, or two pence. It was a short-lived denomination, only being minted in 1797 by Matthew Boulton's Soho Mint. Before Decimal Day in 1971, two hundred and forty pence equaled one pound sterling. Twelve