Jordanian dinar

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".[4]

After the West Bank was annexed by Jordan in 1950, the Jordanian dinar became legal tender there and replaced the Palestine pound.

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.

1. rub'a is Arabic for "piece of four" or "quarter".
2. nusf is Arabic for "piece of two" or "half".

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 Fourth Series of the Central Bank of Jordan[5]
Obverse	Reverse	Value	Dimensions	Main Color	Obverse	Reverse	Printed Date	Issued Date	Watermark
		1 dinar	133 × 74 mm	Lime and green	Hussein bin Ali	Great Arab Revolt	2002 Hijri 1423	March 30, 2003	Sharif Hussein bin Ali
		5 dinars	137 × 74 mm	Brick orange	Abdullah bin al-Hussein I	Ma’an Palace		December 22, 2002	Abdullah I bin al-Hussein
		10 dinars	141 × 74 mm	Blue	Talal bin Abdullah	First Jordanian Parliament Building			Talal bin Abdullah
		20 dinars	145 × 74 mm	Cyan	Hussein bin Talal	Dome of the Rock		February 2, 2003	Hussein bin Talal
		50 dinars	149 × 74 mm	Pink and brown	Abdullah bin al-Hussein II	Raghadan Palace			Abdullah II bin al-Hussein

Since October 23, 1995, the dinar was officially 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 translates to approximately 1 dinar = 1.41044 dollars.[6][7] The Central Bank buys U.S. dollars at 0.708 dinar per dollar, and sells U.S. dollars at 0.710 dinar per dollar.[8]

A sample exchange rate of Jordanian dinars to US dollars:

• Economy of Jordan
• Economy of the Palestinian territories

• Coins of the Hashemite Kingdom of Jordan
• Banknotes of the Hashemite Kingdom of Jordan
• The banknotes of Jordan (in English and German)