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Jordanian dinar
دينار أردني (Arabic)
ISO 4217 Code JOD
Official user(s)  Jordan
Unofficial user(s) Palestinian National Authority West Bank (Palestinian Territories), alongside Israeli new sheqel
Inflation 6.2%
Source The World Factbook, 2006 est.
Pegged with U.S. dollar = 0.709 dinar
Subunit
1/10 dirham
1/100 qirsh or piastre
1/1000 fils
Coins ½, 1 qirsh, 2½, 5, 10 piastres, ¼, ½, 1 dinar
Banknotes 1, 5, 10, 20, 50 dinars
Central bank Central Bank of Jordan
Website www.cbj.gov.jo

The dinar (ISO 4217 code JOD; unofficially known as JD) is the currency of Jordan. The dinar is divided into 10 dirham, 100 qirsh (also called piastres) or 1000 fils.

The Jordanian dinar continued to be used in the West Bank along with Israeli currency after Israel conquered it in 1967. During Israel's hyperinflation in the 1970s and 1980s, the Jordanian currency provided stability.

Contents

History

Before 1949, Jordan used the Palestinian pound as its currency. The dinar was introduced at par with this pound.

Until 1992, coins were denominated in Arabic using fils, qirsh, dirham and dinar but in English only in fils and dinar. Since 1992, the fils and dirham are no longer used in the Arabic denominations and the English denominations are given in dinar and either qirsh or piastres.

For a wider history surrounding currency in the region, see The History of British Currency in the Middle East.

Coins

Coins were introduced in 1949 in denominations of 1, 5, 10, 20, 50 and 100 fils. The first issue of 1 fils were mistakenly minted with the denomination given as "1 fil". 20 fils coins were minted until 1965, with 25 fils introduced in 1968 and ¼ dinar coins in 1970. The 1 fils coin was last minted in 1985. In 1996, smaller ¼ dinar coins were introduced alongside ½ and 1 dinar coins.

Fifth Series Coins
Value Diameter Weight Composition Edge Obverse Reverse First Minted Year Common Reference
½ qirsh (piastre) 21 mm 4 g Copper plated steel Plain Hussein bin Talal facing left Lattice design, Eastern Arabic numerals ½ 1996
1 qirsh (piastre) 25 mm 5.5 g Bronze plated steel Lattice design; Eastern Arabic numerals 1 1994
2½ piastres (qirsh) 22 mm 3 g Nickel plated steel Milled Hussein bin Talal facing left Lattice design, Eastern Arabic numerals 1992 25 fils
5 piastres (qirsh) 26 mm 5 g Lattice design, Eastern Arabic numerals 5 50 fils
10 piastres (qirsh) 28 mm 8 g Lattice design, Eastern Arabic numerals 10 100 fils
¼ dinar 26.5 mm
Heptagonal
7.4 g Brass Plain Hussein bin Talal facing left Leaf design, Eastern Arabic numerals ¼ 1996 Rubia1, 25 piastres, 250 fils
½ dinar 29 mm
Heptagonal
Leaf design, Eastern Arabic numerals ½ Nuus2, 50 piastres, 500 fils
½ dinar 29 mm
Heptagonal
9.6 g Ring: Aluminium bronze
Center: Cupronickel
Plain Hussein bin Talal facing left Leaf design, Eastern Arabic numerals ½ 1997
1 dinar 32 mm
Heptagonal
Brass Plain Hussein bin Talal facing left Leaf design, Eastern Arabic numerals 1 1996
1 dinar 24 mm Milled 1998
Sixth Series Coins
Value Diameter Weight Composition Edge Obverse Reverse First Minted Year Common Reference
1 qirsh (piastre) 25 mm 5.5 g Copper plated steel Plain Abdullah II facing right Lattice design; Eastern Arabic numerals 1 2000
5 piastres (qirsh) 26 mm 5 g Nickel plated steel Milled Abdullah II facing right Lattice design, Eastern Arabic numerals 5 2000 50 fils
10 piastres (qirsh) 28 mm 8 g Lattice design, Eastern Arabic numerals 10 100 fils
¼ dinar 26.5 mm
Heptagonal
7.4 g Brass Plain Abdullah II facing right Leaf design, Eastern Arabic numerals ¼ 2004 Rubia1, 25 piastres, 250 fils
½ dinar 29 mm
Heptagonal
9.6 g Ring: Aluminium bronze
Center: Cupronickel
Plain Abdullah II facing right Leaf design, Eastern Arabic numerals ½ 2000 Nuus2, 50 piastres, 500 fils
  1. rubia is Arabic for "piece of four" or "quarter"
  2. nuus is Arabic for "piece of two" or "half"

Banknotes

In 1949, banknotes were issued by the government in denominations of 500 fils, 1, 5 ,10 and 50 dinar. From 1959, the Central Bank of Jordan took over note production. 20 dinar notes were introduced in 1977, followed by 50 dinar in 1999. ½ dinar notes were replaced by coins in 1999.

The Fourth Series of the Central Bank of Jordan [1]
Obverse Reverse Value Dimensions Main Color Obverse Reverse Printed Date Issued Date Watermark
1 JOD obverse.jpg 1 JOD reverse.jpg 1 dinar 133 × 74 mm Lime and green Sharif Hussein bin Ali Great Arab Revolt 2002
Hijri 1423
March 30, 2003
5 JOD obverse.jpg 5 JOD reverse.jpg 5 dinars 137 × 74 mm Brick orange Abdullah bin al-Hussein Ma’an Palace December 22, 2002
10 JOD obverse.jpg 10 JOD reverse.jpg 10 dinars 141 × 74 mm Blue Talal bin Abdullah First Jordanian Parliament Building
20 dinars 145 × 74 mm Blue Hussein bin Talal Dome of the Rock February 2, 2003
50 dinars 149 × 74 mm Pink and brown King Abdullah II bin al-Hussein Raghadan Palace

Fixed exchange rate

Since October 23, 1995, the dinar has been officially pegged to the IMF's Special Drawing Rights (SDRs). In practice, it is fixed at 1 U.S. dollar = 0.709 dinar most of the time, which translates to approximately 1 dinar = 1.41044 dollars[1] [2]. The Central Bank buys U.S. dollars at 0.708 dinar, and sell U.S. dollars at 0.710 dinar[3].

See also

References

External links

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