Kingdom of Jordan Currency: A Comprehensive Guide

The Kingdom of Jordan's currency is the Jordanian Dinar, denoted by the symbol "JOD". It's a stable and widely accepted currency in the region.

The Jordanian Dinar is divided into 1000 fils, providing a clear understanding of its denominations. You'll often see prices in both dinars and fils.

In Jordan, you can exchange your currency for the Jordanian Dinar at currency exchange offices, banks, or even some hotels, making it easily accessible.

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The official currency of Jordan is the Jordanian dinar, which can be referred to as "JOD" or "JD." "JOD" is the official currency code used by the Central Bank and the government, but "JD" is more commonly used in everyday conversation.

You'll often see people using "JD" instead of "JOD" when referring to the currency, as it's a more colloquial term.

The Jordanian dinar has a rich history that dates back to 1946, when Jordan gained full independence from Britain and began working on producing its own currency.

Prior to this, the Palestine pound was used in the country, but in 1950, the dinar was introduced and became the official currency of Jordan. The term "dinar" has its origins in antiquity, tracing back to the Roman "denarius", a kind of silver currency used during the Roman Republic.

The dinar has undergone some changes over the years, with Arabic denominations being used until 1992, when English titles and denominations were introduced instead. Today, the dinar is pegged to the US dollar at a fixed exchange rate, which has helped maintain its value as one of the world's top currencies.

Here are some of the notable figures featured on Jordanian money:

Jordan's currency is unique in that it features historical figures on its bills.

All the individuals depicted on Jordanian money have been kings at some point in history.

The 1 JD bill features Hussein bin Ali, the King of the Hejaz from 1916 to 1924.

The 5 JD bill features Abdullah bin al-Hussein I, who fought for Jordan's independence and became the first king of Jordan in 1921.

The 10 JD bill features Talal bin Abdullah, who briefly took the throne after his father's assassination.

The 20 JD bill features Hussein bin Talal, who ruled Jordan from 1953 to 1999 and implemented modernizing policies to improve the lives of Jordanians.

The 50 JD bill features the current king of Jordan, Abdullah bin al-Hussein II.

Here's a list of the historical figures featured on Jordanian currency:

The word "dinar" has a long history, dating back to the Roman "denarius", a type of silver coin used in the Roman Republic. This Latin term has influenced words referring to money in the Italian, Spanish, and Portuguese languages.

Before Jordan became an independent nation, the Palestine pound was used in the country.

In 1946, Jordan gained full independence from Britain and began working on producing and distributing its own currency. In 1950, the dinar was distributed and became the official currency of Jordan.

Countries apart from Jordan that use the term "dinar" for their currency include Algeria, Bahrain, Iraq, Kuwait, Libya, Serbia, and Tunisia.

The Central Bank of Jordan plays a crucial role in the country's economy. It's responsible for maintaining the stability of the currency, which is the Jordanian dinar.

One key aspect of the Central Bank's strategy is to keep prices stable and promote economic growth. This is achieved by maintaining modest interest rates that attract foreign investment and boost the currency's value.

The Central Bank continues to maintain interest rates at their modest level to encourage economic activity. This has been effective in drawing in foreign investment and boosting the overall worth of the currency.

To give you a better idea of the exchange rate, a sample rate of Jordanian dinars to US dollars is used as a reference.

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The exchange rate of the Jordanian dinar (JOD) is fixed at a rate of 0.7090 JODs per 1 USD. This means that if you were to convert $1,000 to dinars, you would get 709 Jordanian dinars.

Discover more: Currency Rate Jordan

The JOD is pegged to the U.S. dollar, which provides financial stability to the country. This stability is beneficial for attracting investment and growing the economy.

The exchange rate of the JOD to USD is the same as the rate of 1 USD to 0.709 JODs. You can use a currency converter like XE.com to calculate the exchange rate to any currency.

Here's a simple way to calculate the JOD exchange rate:

The fixed exchange rate of the JOD to USD ensures that the value of the JOD remains stable over time. This stability is beneficial for businesses and individuals who use the currency.

The Jordanian dinar's stability is influenced by various economic factors.

Jordan has consistently maintained a low inflation rate, which is a key factor in keeping its finances in check.

A consistent rise in its gross domestic product (GDP) rate has also contributed to the country's economic stability.

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The trade balance is another crucial factor, with Jordan's exports being worth more than its imports, resulting in a good trade balance.

Strong economic ties with neighboring countries, such as Saudi Arabia and the United Arab Emirates, have also helped to maintain the stability of the Jordanian dinar.

These countries are significant suppliers of remittances and foreign investment in Jordan, which has supported the market value of the currency.