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CP-2.2.1

Each Eligible account holder shall be entitled under the Regulation to claim an amount equivalent to the amount deposited and/or invested by him in an Eligible Account save that no Eligible account holder shall be entitled to receive more than BD20,000 (Twenty Thousand Bahraini Dinars) from the total amount of his Eligible Account held with the defaulting bank regardless of the number and currency of Deposits and unrestricted investment accounts. Other currencies shall be converted into Bahraini Dinars at the exchange rate on the date on which the CBB determines that the Islamic retail bank licensee is a defaulting bank.

October 2012