Jordanian dinar

The Jordanian dinar (Arabic: دينار أردني; code: JOD; unofficially abbreviated as JD) has been the currency of Jordan since 1950. The dinar is divided into 100 qirsh (also called piastres) or 1000 fulus. Fils are effectively obsolete; however, monetary amounts are still written to three decimal places representing fils. It is pegged to the US dollar.

Jordanian dinar
دينار أردني / JOD (Arabic)
Obverse of 1 Jordanian Dinar (5th Edition-2022)
ISO 4217
CodeJOD (numeric: 400)
Subunit0.001
Unit
Symbolد.أ
Denominations
Subunit
110dirham
1100qirsh or piastre
11000fils
Banknotes1, 5, 10, 20, 50 dinars
Coins1, 5, 10 piastres/qirsh, 14, 12 dinar
Demographics
Official user(s) Jordan
Unofficial user(s) West Bank
Issuance
Central bankCentral Bank of Jordan
 Websitewww.cbj.gov.jo
Valuation
Inflation1.35%
 SourceThe World Factbook, 2021 est.
Pegged withUS dollar[1]
US$ = JD 0.708 (buy)
US$ = JD 0.71 (sell)

The Central Bank of Jordan commenced operations in 1964 and became the sole issuer of Jordanian currency, in place of the Jordan Currency Board.

The Jordanian dinar is also widely used in the West Bank alongside the Israeli shekel.[2][3]

History

In 1927, the British administration of the Palestinian Mandate established the Palestine Currency Board which issued the Palestine pound which was the official currency in both Mandatory Palestine and the Emirate of Transjordan. Though Jordan became an independent kingdom on 25 May 1946, it continued to use the Palestinian pound for a while. In 1949, it passed the Provisional Act No. 35 of 1949, which established the Jordan Currency Board as the sole authority in the kingdom entitled to issue Jordanian currency, called the Jordanian dinar. The Board was based in London and consisted of a president and four members, and began issuing Jordanian dinars in 1949 and was exchangeable for Palestinian pounds at parity.

After Jordan annexed the West Bank in April 1950, the dinar replaced the Palestinian pound. On 1 July 1950, the Jordanian dinar became the kingdom's official currency and legal tender. The use of the Palestine pound ceased in the country on 30 September 1950. The Central Bank of Jordan was established in 1959 and took over note production in 1964. In 1967, Jordan lost control of the West Bank, but the Jordanian dinar continued to be used there. It continues to be widely used in the West Bank alongside the Israeli shekel.[2]

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 14 dinar coins in 1970. The 1 fils coin was last minted in 1985. In 1996, smaller 14 dinar coins were introduced alongside 12 and 1 dinar coins.

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 and the English denominations are given in dinar and either qirsh or piastres.

ValueDiameterWeightCompositionEdgeObverseReverseFirst Minted YearCommon Reference
1 qirsh25 mm5.5 gCopper-plated steelPlain 2000
5 piastres (qirsh)26 mm5 gNickel-plated steelMilled 200050 fils 'Shilin'
10 piastres (qirsh)28 mm8 g 100 fils, 'Bareezah'
14 dinar26.5 mm
Heptagonal
7.4 gBrassPlain 2004Rub'a1, 25 piastres, 250 fils
12 dinar29 mm
Heptagonal
9.6 gRing: Aluminium bronze
Center: Cupronickel
Plain 2000Nusf2, 50 piastres, 500 fils
  1. rub'a is Arabic for "piece of four" or "quarter".
  2. nusf is Arabic for "piece of two" or "half".

Banknotes

The Central Bank of Jordan is the sole authority to issue Jordanian banknotes since its establishment in 1964. It released into circulation its first series of Jordanian notes on August 4, 1965. From 1949 to 1965, currency issue was entrusted in the Jordan Currency Board. Before 1949, the Palestinian pound was used.[4]

In 1949, banknotes were issued by the Jordan Currency Board in denominations of 12, 1, 5, 10 and 50 dinars. They bore the country's official name, "The Hashemite Kingdom of the Jordan".[5] 20 dinar notes were introduced in 1977. The 50 dinar note was redesigned and the 12 dinar notes were replaced by coins in 1999.

Issues by the Jordan Currency Board

First Issue (1949 - 1952)[6]

ObverseReverseValueDimensionsPrimary ColorObverseReversePrinted Date
500 fils128 x 76 mm[7]Dark PurpleWadi Al Arab Irrigation Project[7]View of shepherd with his flock[7]1949 (Gregorian)

1368 (Hijri)

1 dinar160 x 86 mm[8]GreenThe late His Majesty King AbdullahOval Plaza - Jerash[8]
5 dinar169 x 88 mm[9]RedView of Al-Khazneh[9]
10 dinar185 x 97 mm[10]Blue
50 dinar190 x 100 mm[11]BrownView from Aqaba[11]

Second Issue (1952 - 1965)[12]

ObverseReverseValueDimensionsPrimary ColorObverseReversePrinted Date
500 fils128 x 76 mm[13]Dark PurpleWadi Al Arab Irrigation Project[13]View of shepherd with his flock[13]1952 (Gregorian)

1371 (Hijri)

1 Dinar160 x 86 mm[14]GreenHis Majesty the late King Hussein bin TalalOval Plaza - Jerash[14]
5 Dinar169 x 88 mm[15]RedView of Al-Khazneh
10 Dinar185 x 97 mm[16]Blue

Issues by the Central Bank of Jordan

First Issue (1965 - 1975)[17]

ObverseReverseValueDimensionsPrimary ColorObverseReverseIssue Date
12 dinar140 x 70 mm[18]Dark OrangeHis Majesty the late King Hussein bin TalalOval Forum - Jerash[18]August 4,

1965[18]

1 dinar150 x 75 mm[18]GreenDome of the Rock[18]August 4, 1965[18]
5 dinar164 x 82 mm[19]RedView of Al-Khazneh[19]August 4, 1965[19]
10 dinar175 x 88 mm[20]BlueAl-Maghtas[20]August 4, 1965[20]

Second Issue (1975 - 1992)[21]

Obverse/ReverseValueDimensionsPrimary ColorObverseReverseIssue Date
12 dinar136 × 67.5 mm[22]BrownHis Majesty the late King Hussein bin TalalOval Forum - Jerash[22]November 16, 1975[22]
1 dinar144 × 71.5 mm[23]GreenDome of the Rock[23]November 16, 1975[23]
5 dinar152 × 76 mm[24]RedView of Petra[24]November 16, 1975[24]
10 dinar160 × 80 mm[25]Dark PurpleThe Cultural Palace at Al-Hussein Youth Sports City Roman Amphitheater (Amman)[25]

Three Roman columns in Jerash

November 16, 1975[25]
20 dinar168 × 84 mmOlive Green/Blue[26]View of the Al-Hussein Thermal Power Station in Zarqa

Olive grove[27]

June 3, 1978 (Olive Green)[4]

August 25, 1990 (Blue)[26]

Third Issue (1992 - 2002)[28]

Obverse/ReverseValueDimensionsPrimary ColorObverseReverseIssue Date
12 dinar131 × 62 mm[29]BrownHussein bin TalalQusayr 'Amra[29]August 1, 1992[29][30]
1 dinar137 × 66 mm[30]GreenThe Cardo in Jerash[30]
5 dinar143 × 70 mm[31]RedAl-Khazneh[31]October 1, 1992[31][32]
10 dinar149 × 74 mm[32]BlueAjloun Castle[32]
20 dinar155 × 78 mm[33]Olive green and grayDome of the Rock[33]August 1, 1992[33]

Fourth Issue (2002 - 2022)[28]

ObverseReverseValueDimensionsMain ColorObverseReversePrinted DateIssued DateWatermark
1 dinar133 × 74 mm[34]Green2002
Hijri 1423
March 30, 2003[34]Sharif Hussein bin Ali
5 dinars137 × 74 mm[35]Brick orange
  • Ma’an Palace
  • Umayyad coin minted in Jordan bearing the phrase "There is no god but Allah alone" on the left side[35]
December 22, 2002[35][36]Abdullah I bin al-Hussein
10 dinars141 × 74 mm[36]Blue
  • First Jordanian Parliament Building
  • Picture of Wadi Rum on the right side
  • Decorative motif from the Al Qastal area dating back to the Umayyad period on the left side[36]
Talal bin Abdullah
20 dinars145 × 74 mm[37]Brown and Olive GreenFebruary 2, 2003[37][38]Hussein bin Talal
50 dinars149 × 74 mm[38]Brown and PurpleAbdullah II bin al-Hussein

Fifth Issue (2022 - Present)[39]

ObverseReverseValueDimensionsMain ColorObverseReversePrinted DateIssued DateWatermark
1 dinar133 × 74 mm[4]Green2022
Hijri 1443
26 December 2022Sharif Hussein bin Ali
5 dinars137 × 74 mmOrangeTreasury, Petra16 August 2023Abdullah I bin al-Hussein
10 dinars141 × 74 mmBlueRoman Theater in Amman26 July 2023Talal bin Abdullah
20 dinars145 × 74 mmCyanWadi Mujib21 March 2023Hussein bin Talal
50 dinars149 × 74 mmPurpleWadi Rum5 February 2023Abdullah bin al-Hussein II

Fixed exchange rate

Since October 23, 1995, the dinar has officially been pegged to the IMF's special drawing rights (SDRs), while in practice it was fixed at 1 U.S. dollar = 0.709 dinar most of the time, which is approximately 1 dinar = 1.41044 dollars.[40][41] The Central Bank buys U.S. dollars at 0.708 dinar per dollar, and sells U.S. dollars at 0.710 dinar per dollar.[42]

Current JOD exchange rates
From Google Finance:AUD CAD CHF CNY EUR GBP HKD JPY USD ILS EUR JPY
From Yahoo! Finance:AUD CAD CHF CNY EUR GBP HKD JPY USD ILS EUR JPY
From XE.com:AUD CAD CHF CNY EUR GBP HKD JPY USD ILS EUR JPY
From OANDA:AUD CAD CHF CNY EUR GBP HKD JPY USD ILS EUR JPY

A sample exchange rate of Jordanian dinars to US dollars:

YearUS Dollar =
19800.29 dinar
19850.39 dinar
19900.66 dinar
19950.70 dinar
20200.71 dinar

See also

References

External links