Jordanian dinar دينار أردني (Arabic)
ISO 4217 Code	JOD
User(s)	Jordan, West Bank
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 the Hashemite Kingdom of Jordan. The dinar is divided into 10 dirham, 100 qirsh (also called piastres) or 1000 fils.

The Jordanian dinar also circulates in West Bank together with the Israeli new sheqel.

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.

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.

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 and 10 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.

Fixed exchange rate

Since 23 October 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].

Note: Rates obtained from these websites may contradict with pegged rate mentioned above

See also

• Economy of Jordan
• Economy of the Palestinian territories

References

External links

• Coins of the Hashemite Kingdom of Jordan
• Banknotes of the Hashemite Kingdom of Jordan

• Don's World Coin Gallery - Jordan
• Ron Wise's World Paper Money - Jordan ^{Mirror site}
• Tables of Modern Monetary Systems by Kurt Schuler - Asia ^{Mirror site}
• The Global History of Currencies - Jordan
• Global Financial Data currency histories table ( Microsoft Excel format)
• "The Experience of the Jordanian Dinar Pegged to the Dollar", Dar Al-Hayat, October 31, 2005