The Jordanian Dinar (JOD) is known as one of the world’s strongest currencies. This is because it has a fixed exchange rate. It also stays steady because the country works hard to keep the economy stable.
Jordanian Dinar (JOD): A Comprehensive Guide to Jordan’s Currency
Blog Excerpt
The Jordanian Dinar (JOD) is known all over the world for being strong and steady when it comes to money. This guide will take you through its history, what makes it stand out, and some helpful details for those who use Jordan’s currency.
Jordanian Currency Basics
- Currency Code: JOD
- Symbol: د.أ
- Subunits: 1 dinar is made of 10 dirhams. Each dinar also splits into 100 qirsh, also called piastres.
- Issued by: The Central Bank of Jordan (CBJ)
Banknotes:
- 1, 5, 10, 20, and 50 dinars
Coins:
- 1, 2.5, 5, and 10 piastres
- ¼, ½, and 1 dinar
Key Facts About the Jordanian Dinar
1. Fixed Exchange Rate
Since 1995, the Jordanian Dinar has been tied to the U.S. dollar. One JOD is worth about 1.41 USD. This steady rate helps keep the country’s economy more stable. It also helps investors feel sure about money matters and gives businesses the chance to plan ahead.
2. Historical Figures on Currency
Jordanian banknotes show well-known leaders:
- 1 JD: Hussein bin Ali
- 5 JD: Abdullah I bin al-Hussein
- 10 JD: Talal bin Abdullah
- 20 JD: Hussein bin Talal
- 50 JD: Abdullah II bin al-Hussein
These numbers show Jordan’s rich past and strong leadership.
3. Coinage Depicting the Monarchy
All Jordanian coins have the picture of the king who is on the throne, and right now, that is King Abdullah II. This shows how much people in Jordan look up to and respect their leaders.
4. Etymology of “Dinar”
The word “dinar” comes from the Roman word “denarius.” The denarius was a silver coin that people used during the time of the Roman Empire. Today, there are still several countries that use the name “dinar” for their money. Some of these countries are Algeria, Bahrain, and Iraq.
5. Currency Codes and Usage
Although “JOD” is the official code for the currency, people in Jordan use “JD” more often in daily life. You will see it in many everyday exchanges and in other informal settings.
History of the Jordanian Dinar
The Jordanian Dinar first came out in 1950. It took the place of the Palestinian pound. The Central Bank of Jordan started in 1964. It looks after how the dinar is given out and how rules for the money work. Since 1995, the dinar has stayed at a fixed rate with the U.S. dollar. This link is a very important part of how Jordan manages its money now.
Exchanging and Using Jordanian Dinar
Cash Transactions: Cash is used by most people in Jordan, mainly at local markets and in the countryside. It is a good idea to have some small bills for daily shopping.
Currency Exchange: You can exchange money at banks, special exchange offices, and hotels. There are many ATMs in the city. They take all big international cards.
Credit Cards: Major credit cards like Visa and MasterCard are taken at hotels, restaurants, and bigger stores, especially in the cities. But some smaller places may want you to use cash.
Understanding Exchange Rates
The fixed exchange rate between the Jordanian Dinar and the U.S. dollar makes it easy for people to change money from one to the other.
- 1 JOD is about 1.41 USD
- 1 USD is about 0.709 JOD
This steady system helps people plan their travel budget. It also gives investors trust.
Sending Money to Jordan
If you want to send money to Jordan, there are many ways to do it. A lot of companies help people send money across countries in a safe way. It is a good idea to look at the fees, exchange rates, and how long it will take. This way, you can pick the best one that works for you.
Frequently Asked Questions
What is the current exchange rate of the Jordanian Dinar to the U.S. Dollar?
The Jordanian Dinar is tied to the U.S. dollar. The fixed rate is around 1 JOD to 1.41 USD.
Can I use credit cards in Jordan?
Yes, you can use major credit cards in big cities, at hotels, and at large businesses. But in small towns and local markets, people like to use cash.
Where can I exchange currency in Jordan?
You can change money at banks, licensed exchange offices, or hotels. There are also many ATMs in cities.
Is the Jordanian Dinar used outside of Jordan?
The Jordanian Dinar is mostly used in Jordan. There may be some places near Jordan that take it, but it is a good idea to use the money from each country when you travel outside Jordan.