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
Luccan pound Luccan pound The pound (Italian: "lira") was the currency of the Republic of Lucca until 1800 and again of the Duchy of Lucca between 1826 and 1847. It was subdivided into 20 shillings (Italian: "soldi"), each of 3 "quattrini" or 12 pennies (Italian: "denari"). The pound circulated until 1800, when the French franc was introduced, accompanied by the Luccan franc from 1805. After Napoleon's fall, the Luccan State remained without an official currency, using both old francs and Tuscan pounds and florins. The Luccan pound reappeared in 1826 by order of Duke Charles Louis, replacing all circulating currencies. The Luccan