The Gulf rupee, (Arabic: روبيه or روبيه خليجيه) also known as the Persian Gulf rupee, was a currency used in the countries of the Persian Gulf and the Arabian Peninsula between 1959 and 1966. It was issued by the Government of India and the Reserve Bank of India and was equivalent to the Indian rupee.

In the early to mid 20th century, the Indian rupee was extensively used as currency in the countries of the Gulf and Arabian Peninsula. To reduce the strain put on India's foreign reserves by gold smuggling caused by this external use of the rupee, a separate currency was created. The Gulf rupee was introduced by the Indian government in 1959 as a replacement for the Indian rupee, for circulation exclusively outside the country. At the time, the Indian rupee was pegged to the British pound at a rate of 13⅓ rupees = 1 pound.

Two states, Kuwait and Bahrain, replaced the Gulf rupee with their own currencies (the Kuwaiti dinar and the Bahraini dinar) after gaining independence from Britain in 1961 and 1965, respectively. However, even today, in Bahrain 100 fils (one tenth of a Bahraini dinar) are referred to in Arabic as a "rupee" or "rubiya" (Arabic: ربية‎) in common parlance.

The Persian Gulf War (2 August 1990 – 28 February 1991), codenamed Operation Desert Storm (17 January 1991 – 28 February 1991) commonly referred to as simply the Gulf War, was a war waged by a UN-authorized coalition force from 34 nations led by the United States, against Iraq in response to Iraq's invasion and annexation of Kuwait.

The war is also known under other names, such as the First Gulf War, Gulf War I, or the Iraq War, before the term "Iraq War" became identified instead with the 2003 Iraq War (also referred to in the U.S. as "Operation Iraqi Freedom").

The invasion of Kuwait by Iraqi troops that began 2 August 1990 was met with international condemnation, and brought immediate economic sanctions against Iraq by members of the UN Security Council. U.S. President George H. W. Bush deployed American forces into Saudi Arabia, and urged other countries to send their own forces to the scene. An array of nations joined the coalition. The great majority of the military forces in the coalition were from the United States, with Saudi Arabia, the United Kingdom and Egypt as leading contributors, in that order. Around US$36 billion of the US$60 billion cost was paid by Saudi Arabia.