Jordanian dinar

Infobox Currency
currency_name_in_local = دينار أردني ar icon
image_1 =
image_title_1 = 1 dinar of 2002
iso_code = JOD
using_countries = JOR, "flagicon|PSE West Bank"
inflation_rate = 6.2%
inflation_source_date = " [https://www.cia.gov/library/publications/the-world-factbook/fields/2092.html The World Factbook] ", 2006 est.
pegged_with = U.S. dollar = 0.709 dinar
subunit_ratio_1 = 1/10
subunit_name_1 = dirham
subunit_ratio_2 = 1/100
subunit_name_2 = qirsh or piastre
subunit_ratio_3 = 1/1000
subunit_name_3 = fils
used_coins = ½, 1 qirsh, 2½, 5, 10 piastres, ¼, ½, 1 dinar
used_banknotes = 1, 5, 10, 20, 50 dinars
issuing_authority = Central Bank of Jordan
issuing_authority_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 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.

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 [ [http://www.pmu.gov.jo/FinanceExcahngeratefulc.htm Exchange Rate Fluctuations, Programme Management Unit] ] [ [http://users.erols.com/kurrency/asia.htm Tables of modern monetary history: Asia] ] . The Central Bank buys U.S. dollars at 0.708 dinar, and sell U.S. dollars at 0.710 dinar [ [http://www.jftp.gov.jo/Docs/JOR2R3-Domestic%20support.pdf Report of the Working Party on the Accession of the Hashemite Kingdom of Jordan to the World Trade Organization] ] .

Exchange Rate|JOD
note=Rates obtained from these websites may contradict with pegged rate mentioned above

ee also

* Economy of Jordan
* Economy of the Palestinian territories

References

External links

* [http://www.JordanCoins.com/ Coins of the Hashemite Kingdom of Jordan]
* [http://www.JordanCurrency.com/ Banknotes of the Hashemite Kingdom of Jordan] Standard numismatics external links
world_coin_gallery_1_url = Jordan
world_coin_gallery_1_name = Jordan
banknote_world_1_url = jordan
banknote_world_1_name = Jordan
dollarization_1_url = asia
dollarization_1_name = Asia
gfd_1_url = Jordan
gfd_1_name = Jordan
gfd_data_1_url =
gfd_data_1_name =
show_gfd_excel = Y
* [http://english.daralhayat.com/business/10-2005/Article-20051031-477849b7-c0a8-10ed-002d-80ae1f266699/story.html "The Experience of the Jordanian Dinar Pegged to the Dollar"] , "Dar Al-Hayat", October 31, 2005