Jordanian Dinar Exchange Rate and Conversion Guide

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Collection of Jordanian dinar banknotes arranged on a wooden surface, showcasing currency design.
Credit: pexels.com, Collection of Jordanian dinar banknotes arranged on a wooden surface, showcasing currency design.

The Jordanian Dinar is the official currency of Jordan, and understanding its exchange rate and conversion can be a bit tricky, especially for first-time travelers. The exchange rate is determined by the supply and demand of the currency in the foreign exchange market.

To give you a better idea, the Jordanian Dinar is pegged to a basket of currencies, including the US dollar and the euro. This means that the exchange rate is relatively stable, but it can fluctuate slightly depending on market conditions.

If you're planning to exchange your money for Jordanian Dinars, you can expect to get around 0.71 JD for every 1 USD. This is based on the current exchange rate, which is subject to change.

What Is the Jordanian Dinar?

The Jordanian Dinar is the official currency of Jordan, denoted by the symbol "JD". It's a relatively stable currency, pegged to the US dollar at a fixed rate of 1 USD = 0.709 JD.

Credit: youtube.com, Currency of the world -Jordan. Jordanian dinar. Exchange rates Jordan.Jordanian banknotes and coins

The Jordanian Dinar is divided into 10,000 fils, which is the currency's subunit. This is useful to know if you're traveling to Jordan and need to make small purchases.

In circulation, you'll find banknotes in denominations of 1, 5, 10, 20, 50, and 100 JD, as well as coins in 1, 2, 5, 10, 25, and 50 fils.

What Is the Jordanian Dinar?

The Jordanian Dinar is the official currency of Jordan, and it's been that way since 1950. It's divided into 10,000 fils, but you'll rarely see those smaller units in everyday transactions.

One JD is equivalent to 1,000 fils, and you can exchange your money for Jordanian Dinars at a bank or currency exchange office. The Jordanian Dinar is pegged to the US dollar, which means its value remains relatively stable.

In Jordan, you can use credit cards and ATMs to make purchases and withdraw cash, but it's always a good idea to have some local currency on hand, especially when traveling to rural areas.

Understanding the Jordanian Dinar

Credit: youtube.com, Jordanian Dinar (JOD): Overview, Considerations, FAQ

The Jordanian dinar has a rich history, dating back to 1950 when it replaced the Palestinian pound as the official currency of Jordan.

The dinar is considered to be the fourth-highest valued currency in the world.

In 1959, the Central Bank of Jordan took over production and monetary policy, giving the country more control over its economy.

Issued dinars have the official name of the country, the Hashemite Kingdom of Jordan, printed on them, making them a unique and recognizable currency.

The current series of banknotes issued by the Central Bank of Jordan have denominations of 1, 5, 10, 20, and 50 dinars.

Dinar coins were denominated in Arabic until 1992, but have since been changed to English.

Exchange Rate Information

The exchange rate between the Jordanian Dinar (JOD) and the US Dollar (USD) is a crucial piece of information when traveling or doing business in Jordan.

One USD is equal to 0.709 JODs, which is a fixed exchange rate.

Credit: youtube.com, The money used in Jordan is called the Dinar. The exchange rate is $3 to 2 Dinars. Find how many ...

The Central Bank of Jordan pegs the dinar to the IMF's special drawing rights (SDRs), but in practice, it's fixed at 1 U.S. dollar = 0.709 dinar most of the time.

Here's a breakdown of the exchange rate over the years:

You can check the current exchange rate online, but as of January 3, 2025, the best JOD to USD exchange rate is 1.4096 USD.

The exchange rate can fluctuate over time, but it's generally stable.

Currency Denominations

Coins were introduced in 1949 in denominations of 1, 5, 10, 20, 50 and 100 fils. The 1 fils coin was last minted in 1985.

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.

Here's a breakdown of some common currency denominations:

The 50 dinar note was redesigned and the 1⁄2 dinar notes were replaced by coins in 1999.

Coins

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Coins have a rich history in the country, with the first issue introduced in 1949 in denominations of 1, 5, 10, 20, 50, and 100 fils.

The first 1 fils coin was mistakenly minted with the denomination given as "1 fil" instead of "1 fils". This mistake was corrected over time.

In 1968, a 25 fils coin was introduced, and in 1970, a 1⁄4 dinar coin was minted. The 1 fils coin was last minted in 1985.

Coins were denominated in Arabic using fils, qirsh, dirham, and dinar until 1992. After 1992, the fils and dirham were no longer used in Arabic, and the English denominations were given in dinar and either qirsh or piastres.

Here's a breakdown of some of the coins currently in circulation:

The term "rub'a" is Arabic for "piece of four" or "quarter", which is also the name given to the 1⁄4 dinar coin.

Banknotes

The Central Bank of Jordan is the sole authority to issue Jordanian banknotes since its establishment in 1964.

Credit: youtube.com, Top 5 Largest Denomination Banknotes : Pt. 1

In 1949, banknotes were issued by the Jordan Currency Board in denominations of 1⁄2, 1, 5, 10 and 50 dinars. They bore the country's official name, "The Hashemite Kingdom of the Jordan".

The first series of Jordanian notes was released into circulation on August 4, 1965, after being entrusted to the Central Bank of Jordan.

In 1977, 20 dinar notes were introduced, expanding the range of denominations available.

Teresa Halvorson

Senior Writer

Teresa Halvorson is a skilled writer with a passion for financial journalism. Her expertise lies in breaking down complex topics into engaging, easy-to-understand content. With a keen eye for detail, Teresa has successfully covered a range of article categories, including currency exchange rates and foreign exchange rates.

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