Jordanian dinar
| Jordanian dinar | |
|---|---|
| دينار أردني (Arabic) | |
Jordanian dinar banknotes and coins.
|
|
| ISO 4217 | |
| Code | JOD |
| Denominations | |
| Subunit | |
| 1⁄10 | dirham |
| 1⁄100 | qirsh or piastre |
| 1⁄1000 | fils |
| Banknotes | 1, 5, 10, 20, 50 dinars |
| Coins | 1⁄2, 1 qirsh, 2 1⁄2, 5, 10 piastres, 1⁄4, 1⁄2, 1 dinar |
| Demographics | |
| Official user(s) |
 Jordan
|
| Unofficial user(s) |
 West Bank (Palestinian territories), alongside Israeli shekel
|
| Issuance | |
| Central bank | Central Bank of Jordan |
| Website | www |
| Valuation | |
| Inflation | 1.7% |
| Source | The World Factbook, 2009 est. |
| Pegged with |
US dollar US$ = 0.708 JOD (buy) US$ = 0.710 JOD (sell) |
The Jordanian dinar (Arabic: دينار; code: JOD; unofficially abbreviated as JD) is the currency of Jordan. It is also widely used alongside the Israeli shekel in the West Bank. The dinar is divided into 10 dirham, 100 qirsh (also called piastres) or 1000 fulus.
From 1927 to 1950, the Palestine Currency Board issued the Palestine pound as the official currency in both Mandatory Palestine and the Emirate of Transjordan. After Jordan became an independent kingdom on 25 May 1946, the idea of issuing a national currency arose and led to the passing of the Provisional Act No. 35 of 1949. Under this Act, the Jordan Currency Board was formed, which became the sole authority entitled to issue Jordanian currency in the kingdom. The London-based entity consisted of a president and four members.
As of 1 July 1950, the Jordanian dinar became the kingdom’s official currency, and use of the Palestine pound ceased in the kingdom on 30 September 1950. Although issued by the Jordan Currency Board, the notes bear the country's official name, "The Hashemite Kingdom of the Jordan".
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.
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 1⁄4 dinar coins in 1970. The 1 fils coin was last minted in 1985. In 1996, smaller 1⁄4 dinar coins were introduced alongside 1⁄2 and 1 dinar coins.
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