Jordanian Dinar

The Jordanian Dinar, abbreviated as JD has been the currency of Jordan since 1950. The Jordanian dinar is also widely used alongside the Israeli shekel in the West Bank. The dinar is divided into 10 dirhams, 100 qirsh also called piastres or 1000 fulus.

In 1949, banknotes were issued by the government in denominations of ​1⁄2, 1, 5, 10 and 50 dinars. From 1959, the Central Bank of Jordan took over note production. 20 dinar notes were introduced in 1977, followed by 50 dinars in 1999. ​1⁄2 dinar notes were replaced by coins in 1999.

The dinar is very strong, not due to a strong national economy or large scale of exports, but because it has been pegged to the American dollar for the last 20 years.

The dinar fixed in dollars served the Jordanian economy well. It achieved monetary stability, reinforced public confidence, attracted Arab and foreign investments, and has been is a successful policy by any measure.

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