JORDANIAN DINAR

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.

Contents

History

Coins

Banknotes

Fixed exchange rate

See also

References

External links

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.

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 2½	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	''Rubia''1, 25 piastres, 250 fils
½ dinar	29 mm Heptagonal					Leaf design, Eastern Arabic numerals ½		''Nuus''2, 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	''Rubia''1, 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	''Nuus''2, 50 piastres, 500 fils

# ''rubia'' is Arabic for "piece of four" or "quarter"
# ''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.

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

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].

See also

★ Economy of Jordan

★ Economy of the Palestinian territories

References

1. Exchange Rate Fluctuations, Programme Management Unit
2. Tables of modern monetary history: Asia
3. Report of the Working Party on the Accession of the Hashemite Kingdom of Jordan to the World Trade Organization

External links

★ Coins of Jordan

★ Bank Notes of Jordan

★ "The Experience of the Jordanian Dinar Pegged to the Dollar", ''Dar Al-Hayat'', October 31, 2005