Jordanian Dinar

The official currency of the Hashemite Kingdom of Jordan prior to 1949 was the Palestinian pound. In 1949 the Jordanian dinar was introduced at a rate of 1:1 with the Palestinian pound and became the official currency of Jordan. Issued by the Central Bank of Jordan the Jordanian dinar includes both coins and banknotes.

Jordanian Dinar Currency

The currency of the Jordanian dinar is a somewhat complex with different notations for Arabic and English denominations. The Jordanian dinar can be subdivided into 10 dirham, 100 qirsh, also known as piastres, or 1000 fils. Prior to 1992 the English coins only included fils and dinar while the Arabic coins included fils, qirsh, dirham and dinar. This changed in 1992 and now both English and Arabic coins include dinar and qirsh or piastres.

The coins currently in circulation include the ½ qirsh which is equivalent to 5 fils, the 1 qirsh which is equivalent to 10 fils, the 2 ½ piastres which is equivalent to 25 fils, the 5 piastres which is equivalent to 50 fils and the 10 piastres which is equivalent to 100 fils. Additional coins include the ¼ dinar, the ½ dinar and the 1 dinar. Banknotes are issued in terms of dinar and they include the ½, 1, 5, 20 and 50 dinar.

Investing in the Jordanian Dinar

The current exchange rate for the Jordanian dinar is set at a rate of one United States dollar equal to 0.7082 Jordanian dinar. With the exception of one dip in value early in the year 2005, the Dinar has remained stable over the past five years. From this it is logical to conclude that investing in the Jordanian dinar will not likely yield significant losses or gains.

* This post from Iraqi Dinar

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