Jordanian dinar
| Jordanian dinar | |
|---|---|
| دينار أردني (Arabic) | |
| ISO 4217 code | JOD |
| Central bank | Central Bank of Jordan |
| Website | www |
| Official user(s) |  Jordan |
| Unofficial user(s) |  West Bank (Palestinian territories), alongside Israeli new sheqel |
| Inflation | 1.7% |
| Source | The World Factbook, 2009 est. |
| Pegged with | U.S. dollar = 0.709 dinar |
| Subunit | |
| 1⁄10 | dirham |
| 1⁄100 | qirsh or piastre |
| 1⁄1000 | fils |
| Coins | 1⁄2, 1 qirsh, 2 1⁄2, 5, 10 piastres, 1⁄4, 1⁄2, 1 dinar |
| Banknotes | 1, 5, 10, 20, 50 dinars |
The dinar (Arabic: دينار, 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 fulus.
The Jordanian dinar continued to be used in the West Bank along with Israeli currency after Israel took control of it in 1967. During Israel's hyperinflation in the 1970s and 1980s, the Jordanian currency provided stability.
Contents
History
From 1927 to 1950, the Palestine Currency Board issued the Palestine pound as the official currency in both Palestine and the Trans-Jordan Emirate. After Jordan became an independent kingdom on 25 May 1946, the idea of issuing a national currency arose and led to the passing of the Provisional Act No. 35 of 1949. Under this Act, the Jordan Currency Board was formed, which became the sole authority entitled to issue Jordanian currency in the kingdom. The London-based entity consisted of a president and four members. As of 1 July 1950, the Jordanian dinar became the kingdom’s official currency, and use of the Palestine pound ceased in the kingdom on 30 September 1950. Although issued by the Jordan Currency Board, the notes bear the name of The Hashemite Kingdom of the Jordan.[1]
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 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 1⁄4 dinar coins in 1970. The 1 fils coin was last minted in 1985. In 1996, smaller 1⁄4 dinar coins were introduced alongside 1⁄2 and 1 dinar coins.
| Fifth Series Coins | ||||||||
|---|---|---|---|---|---|---|---|---|
| Value | Diameter | Weight | Composition | Edge | Obverse | Reverse | First Minted Year | Common Reference |
| 1⁄2 qirsh (piastre) | 21 mm | 4 g | Copper plated steel | Plain | Hussein bin Talal facing left | Lattice design, Eastern Arabic numerals 1⁄2 | 1996 | |
| 1 qirsh (piastre) | 25 mm | 5.5 g | Bronze plated steel | Lattice design; Eastern Arabic numerals 1 | 1994 | |||
| 2 1⁄2 piastres (qirsh) | 22 mm | 3 g | Nickel plated steel | Milled | Hussein bin Talal facing left | Lattice design, Eastern Arabic numerals 2 1⁄2 | 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 | ||||
| 1⁄4 dinar | 26.5 mm Heptagonal |
7.4 g | Brass | Plain | Hussein bin Talal facing left | Leaf design, Eastern Arabic numerals 1⁄4 | 1996 | Rubia1, 25 piastres, 250 fils |
| 1⁄2 dinar | 29 mm Heptagonal |
Leaf design, Eastern Arabic numerals 1⁄2 | Nuus2, 50 piastres, 500 fils | |||||
| 1⁄2 dinar | 29 mm Heptagonal |
9.6 g | Ring: Aluminium bronze Center: Cupronickel |
Plain | Hussein bin Talal facing left | Leaf design, Eastern Arabic numerals 1⁄2 | 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 | ||||
| 1⁄4 dinar | 26.5 mm Heptagonal |
7.4 g | Brass | Plain | Abdullah II facing right | Leaf design, Eastern Arabic numerals 1⁄4 | 2004 | Rubia1, 25 piastres, 250 fils |
| 1⁄2 dinar | 29 mm Heptagonal |
9.6 g | Ring: Aluminium bronze Center: Cupronickel |
Plain | Abdullah II facing right | Leaf design, Eastern Arabic numerals 1⁄2 | 2000 | Nuus2, 50 piastres, 500 fils |
Banknotes
In 1949, banknotes were issued by the government in denominations of 1⁄2, 1, 5, 10 and 50 dinars. From 1959, the Central Bank of Jordan took over note production. 20 dinar notes were introduced in 1977, followed by 50 dinars in 1999. 1⁄2 dinar notes were replaced by coins in 1999.
| The Fourth Series of the Central Bank of Jordan[2] | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Obverse | Reverse | Value | Dimensions | Main Color | Obverse | Reverse | Printed Date | Issued Date | Watermark |
| 100px | 100px | 1 dinar | 133 × 74 mm | Lime and green | Sharif Hussein bin Ali | Great Arab Revolt | 2002 Hijri 1423 |
March 30, 2003 | Sharif Hussein bin Ali |
 |
 |
5 dinars | 137 × 74 mm | Brick orange | Abdullah I bin al-Hussein | Ma’an Palace | December 22, 2002 | Abdullah I bin al-Hussein | |
 |
 |
10 dinars | 141 × 74 mm | Blue | Talal bin Abdullah | First Jordanian Parliament Building | Talal bin Abdullah | ||
 |
 |
20 dinars | 145 × 74 mm | Cyan | Hussein bin Talal | Dome of the Rock | February 2, 2003 | Hussein bin Talal | |
 |
 |
50 dinars | 149 × 74 mm | Pink and brown | King Abdullah II bin al-Hussein | Raghadan Palace | Abdullah II bin al-Hussein | ||
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.[3][4] The Central Bank buys U.S. dollars at 0.708 dinar, and sell U.S. dollars at 0.710 dinar.[5]
| Current JOD exchange rates | |
|---|---|
| From Google Finance: | AUD CAD CHF EUR GBP HKD JPY USD |
| From Yahoo! Finance: | AUD CAD CHF EUR GBP HKD JPY USD |
| From XE: | AUD CAD CHF EUR GBP HKD JPY USD |
| From OANDA: | AUD CAD CHF EUR GBP HKD JPY USD |
| From fxtop.com: | AUD CAD CHF EUR GBP HKD JPY USD |
| From Currency.Wiki: | AUD CAD CHF EUR GBP HKD JPY USD |
See also
References
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ http://www.cbj.gov.jo/pages.php?local_type=26&category=7&subcategory=29
- ↑ Exchange Rate Fluctuations, Programme Management Unit
- ↑ Tables of modern monetary history: Asia
- ↑ Report of the Working Party on the Accession of the Hashemite Kingdom of Jordan to the World Trade Organization
