The Bahraini economy with a population of 791 thousand (Est 2008) ranks 106th in the world with a GDP PPP of 26.97 billion. Bahrain Banks offer deposit rates in the local currency which is the Bahraini dinar as well as foreign currencies including the US Dollar, Sterling Pound or Euro. Bank deposits that are held for a fixed time period or term are called fixed deposits in Bahrain. According to CIA.gov its inflation was 7% in 2008 and 3% in 2009.