Jordanian dinar
Template:Short description Template:Infobox currency
The Jordanian dinar (Template:Langx; 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.
The Central Bank of Jordan commenced operations in 1965 and became the sole issuer of Jordanian currency, in place of the Jordan Currency Board.
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 Jordanian rule of 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.<ref name=shekel>Template:Cite news</ref>
In 1988 and 1989, the dinar depreciated substantially due to mounting foreign debts in the kingdom. During that time, there were protests across the country.
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 Template:Frac dinar coins in 1970. The 1 fils coin was last minted in 1985. In 1996, smaller Template:Frac dinar coins were introduced alongside Template:Frac 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.
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.<ref name=":26">Template:Cite web</ref>
In 1949, banknotes were issued by the Jordan Currency Board in denominations of Template:Frac, 1, 5, 10 and 50 dinars. They bore the country's official name, "The Hashemite Kingdom of the Jordan".<ref>Template:Cite book</ref> 20 dinar notes were introduced in 1977. The 50 dinar note was redesigned and the Template:Frac dinar notes were replaced by coins in 1999.
Issues by the Jordan Currency Board
First issue
| First issue (1949–1952)<ref>Template:Cite web</ref> | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Image | Value | Dimensions (mm) |
Main colour | Description | Issue | ||||
| Obverse | Reverse | Obverse | Reverse | ||||||
| File:FIVE HUNDRED FILS JD 1949-obverse.jpg | File:FIVE HUNDRED FILS JD 1949-back.jpg | 500 fils | 128 x 76<ref name=":0">Template:Cite web</ref> | Purple | Wadi Al Arab irrigation project<ref name=":0" /> | Shepherd with his flock<ref name=":0" /> | 1949 (Gregorian)
1368 (Hijri) | ||
| File:ONE JD 1949-obverse.jpg | File:ONE JD 1949-back.jpg | 1 dinar | 160 x 86<ref name=":1">Template:Cite web</ref> | Green | Abdullah I bin al-Hussein | Oval Plaza, Jerash<ref name=":1" /> | |||
| File:FIVE JD 1949-obverse.jpg | File:FIVE JD 1949-back.jpg | 5 dinars | 169 x 88<ref name=":2">Template:Cite web</ref> | Red | Al-Khazneh<ref name=":2" /> | ||||
| File:TEN JD 1949-obverse.jpg | File:TEN JD 1949-back.jpg | 10 dinars | 185 x 97<ref>Template:Cite web</ref> | Blue | |||||
| File:50 DINAR JD 1949 OBVERSE.png | File:50 DINAR JD 1949 REVERSE.png | 50 dinars | 190 x 100<ref name=":3">Template:Cite web</ref> | Brown | Aqaba<ref name=":3" /> | ||||
Second issue
| Second issue (1952–1965)<ref>Template:Cite web</ref> | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Image | Value | Dimensions (mm) |
Main colour | Description | Issue | ||||
| Obverse | Reverse | Obverse | Reverse | ||||||
| File:FIVE HUNDRED FILS JD 1952-obverse.jpg | File:FIVE HUNDRED FILS JD 1952-back.jpg | 500 fils | 128 x 76<ref name=":4">Template:Cite web</ref> | Purple | Wadi Al Arab irrigation project<ref name=":4" /> | Shepherd with his flock<ref name=":4" /> | 1952 (Gregorian)
1371 (Hijri) | ||
| File:ONE JD 1952-obverse.jpg | File:ONE JD 1952-back.jpg | 1 dinar | 160 x 86<ref name=":5">Template:Cite web</ref> | Green | Hussein bin Talal | Oval Plaza, Jerash<ref name=":5" /> | |||
| File:FIVE JD 1952-obverse.jpg | File:FIVE JD 1952-back.jpg | 5 dinars | 169 x 88<ref>Template:Cite web</ref> | Red | Al-Khazneh | ||||
| File:TEN JD 1952-obverse.jpg | File:TEN JD 1952-back.jpg | 10 dinars | 185 x 97<ref>Template:Cite web</ref> | Blue | |||||
Issues by the Central Bank of Jordan
First issue
| First issue (1965–1975)<ref>Template:Cite web</ref> | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Image | Value | Dimensions (mm) |
Main colour | Description | Issue | ||||
| Obverse | Reverse | Obverse | Reverse | ||||||
| File:Half JD 1959-obverse.jpg | File:Half JD 1959-back.jpg | Template:Fraction dinar | 140 x 70<ref name=":7">Template:Cite web</ref> | Brown | Hussein bin Talal | Oval Forum, Jerash<ref name=":7"/> | 4 August 1965<ref name=":7"/> | ||
| File:ONE JD 1959-obverse.jpg | File:ONE JD 1959-back.jpg | 1 dinar | 150 x 75<ref name=":7"/> | Green | Dome of the Rock<ref name=":7" /> | ||||
| File:FIVE JD 1959-obverse.jpg | File:FIVE JD 1959-back.jpg | 5 dinars | 164 x 82<ref name=":8">Template:Cite web</ref> | Red | Al-Khazneh<ref name=":8" /> | ||||
| File:TEN JD 1959-obverse.jpg | File:TEN JD 1959-back.jpg | 10 dinars | 175 x 88<ref name=":9">Template:Cite web</ref> | Blue | Al-Maghtas<ref name=":9" /> | ||||
Second issue
| Second issue (1975-1992)<ref>Template:Cite web</ref> | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Image | Value | Dimensions (mm) |
Main colour | Description | Issue | ||||
| Obverse | Reverse | ||||||||
| File:HALF JD DINAR 1975.jpg | Template:Fraction dinar | 136 × 67.5<ref name=":10">Template:Cite web</ref> | Brown | Hussein bin Talal | Oval Forum, Jerash<ref name=":10" /> | 16 November 1975<ref name=":10" /> | |||
| File:ONE JD DINAR 1975.jpg | 1 dinar | 144 × 71.5<ref name=":11">Template:Cite web</ref> | Green | Dome of the Rock<ref name=":11" /> | 16 November 1975<ref name=":11" /> | ||||
| File:FIVE JD DINAR 1975.jpg | 5 dinars | 152 × 76<ref name=":12">Template:Cite web</ref> | Red | Petra<ref name=":12" /> | 16 November 1975<ref name=":12" /> | ||||
| File:TEN JD DINAR 1975.jpg | 10 dinars | 160 × 80<ref name=":13">Template:Cite web</ref> | Blue | Cultural Palace, Al-Hussein Youth Sports City; Roman Amphitheater, Amman<ref name=":13" /> |
16 November 1975<ref name=":13" /> | ||||
| File:TWENTY JD DINAR BROWN 1975.jpg | 20 dinars | 168 × 84 | Olive green<ref name=":14">Template:Cite web</ref> | Al-Hussein Thermal Power Station, Zarqa; Olive grove<ref>Template:Cite web</ref> |
3 June 1978<ref name=":26" /> | ||||
| File:TWENTY JD DINAR BLUE 1975.jpg | Blue green | 25 August 1990<ref name=":14" /> | |||||||
Third issue
| Third issue (1992-2002)<ref name=":20" /> | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Image | Value | Dimensions (mm) |
Main colour | Description | Issue | ||||
| Obverse | Reverse | ||||||||
| File:HALF JD 1992.jpg | Template:Fraction dinar | 131 × 62<ref name=":21">Template:Cite web</ref> | Brown | Hussein bin Talal | Qusayr 'Amra<ref name=":21" /> | 1 August 1992<ref name=":21" /><ref name=":22">Template:Cite web</ref> | |||
| File:ONE JD 1992.jpg | 1 dinar | 137 × 66<ref name=":22" /> | Green | The Cardo, Jerash<ref name=":22" /> | |||||
| File:FIVE JD 1992.jpg | 5 dinar | 143 × 70<ref name=":23">Template:Cite web</ref> | Red | Al-Khazneh<ref name=":23" /> | 1 October 1992<ref name=":23" /><ref name=":24">Template:Cite web</ref> | ||||
| File:TEN JD 1992.jpg | 10 dinar | 149 × 74<ref name=":24" /> | Blue | Ajloun Castle<ref name=":24" /> | |||||
| File:TWENTY JD 1992.jpg | 20 dinar | 155 × 78<ref name=":25">Template:Cite web</ref> | Olive green | Dome of the Rock<ref name=":25" /> | 1 August 1992<ref name=":25" /> | ||||
Fourth issue
| Fourth issue (2002-2022)<ref name=":20">Template:Cite web</ref> | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Image | Value | Dimensions (mm) |
Main colour | Description | First printing |
Issue | |||
| Obverse | Reverse | Obverse | Reverse | ||||||
| File:1 JOD Obverse1.jpg | File:1 JOD Reverse1.jpg | 1 dinar | 133 × 74<ref name=":15">Template:Cite web</ref> | Green | Hussein bin Ali; Silver Hashemite coin<ref name=":15" /> |
Great Arab Revolt; Supreme Order of the Renaissance<ref name=":15" /> |
2002 1423 AH |
30 March 2003<ref name=":15" /> | |
| File:5 JOD Obverse1.jpg | File:5 JOD Reverse1.jpg | 5 dinars | 137 × 74<ref name=":16">Template:Cite web</ref> | Orange | Abdullah I bin al-Hussein; Army inspection<ref name=":16" /> |
Ma’an Palace; Umayyad coin minted in Jordan<ref name=":16" /> |
22 December 2002<ref name=":16" /><ref name=":17">Template:Cite web</ref> | ||
| File:10 JOD Obverse1.jpg | File:10 JOD Reverse1.jpg | 10 dinars | 141 × 74<ref name=":17" /> | Blue | Talal bin Abdullah; Umm Qais Museum<ref name=":17" /> |
First Jordanian parliament; Wadi Rum; Decorative motif from Al Qastal<ref name=":17" /> | |||
| File:20 JOD Obverse.jpg | File:20 JOD Reverse.jpg | 20 dinars | 145 × 74<ref name=":18">Template:Cite web</ref> | Cyan | Hussein bin Talal; King Abdullah I Mosque<ref name=":18" /> |
Dome of the Rock<ref name=":18" /> | 2 February 2003<ref name=":18" /><ref name=":19">Template:Cite web</ref> | ||
| File:50 JOD Obverse.jpg | File:50 JOD Reverse.jpg | 50 dinars | 149 × 74<ref name=":19" /> | Brownish purple |
Abdullah II bin al-Hussein<ref name=":19" /> | Raghadan Palace; Marble carvings from Al-Aqsa Mosque; Black iris flower<ref name=":19" /> | |||
Fifth issue
| Fifth issue (2022)<ref>Template:Cite web</ref> | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Image | Value | Dimensions (mm)<ref name=":26" /> |
Main colour | Description | First printing |
Issue | |||
| Obverse | Reverse | Obverse | Reverse | ||||||
| File:1 One Dinar Front (2022).png | File:1 One Dinar Back(2022).png | 1 dinar | 133 × 74 | Green | Hussein bin Ali; Acanthus syriacus |
Mountains of Wadi Rum; Sinai rosefinch |
2022 | 26 December 2022 | |
| File:5 Five Dinars Front (2022).png | File:5 Five Dinars Back (2022).png | 5 dinars | 137 × 74 | Red | Abdullah I bin al-Hussein; Petra |
Treasury, Petra | 16 August 2023 | ||
| File:10 Ten Dinars Front (2022).png | File:10 Ten Dinars Back (2022).png | 10 dinars | 141 × 74 | Blue | Talal bin Abdullah; Qusayr 'Amra |
Roman Theater, Amman | 26 July 2023 | ||
| File:20 Twenty Dinars Front (2022).png | File:20 Twenty Dinars Back (2022).png | 20 dinars | 145 × 74 | Cyan | Hussein bin Talal; King Hussein Mosque |
Wadi Mujib | 21 March 2023 | ||
| File:50 Fifty Dinars Front (2022).png | File:50 Fifty Dinars Back (2022).png | 50 dinars | 149 × 74 | Purple | Abdullah II bin al-Hussein; Jerusalem |
Wadi Rum | 5 February 2023 | ||
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.<ref>Exchange Rate Fluctuations, Programme Management Unit Template:Webarchive</ref><ref>Tables of modern monetary history: Asia Template:Webarchive</ref> The Central Bank buys U.S. dollars at 0.708 dinar per dollar, and sells U.S. dollars at 0.710 dinar per dollar.<ref>Report of the Working Party on the Accession of the Hashemite Kingdom of Jordan to the World Trade Organization Template:Webarchive</ref>
A sample exchange rate of Jordanian dinars to US dollars:
| Year | US Dollar = |
|---|---|
| 1980 | 0.29 dinar |
| 1985 | 0.39 dinar |
| 1990 | 0.66 dinar |
| 1995 | 0.70 dinar |
| 2020 | 0.71 dinar |
See also
- British currency in the Middle East
- Economy of Jordan
- Economy of the Palestinian territories
- Iraqi dinar
References
External links
- Coins of the Hashemite Kingdom of Jordan
- Banknotes of the Hashemite Kingdom of Jordan. Template:Webarchive.
- The banknotes of Jordan Template:In lang
Template:Dinar Template:Currencies of Asia Template:Portal bar Template:Authority control