Jordanian Dinar (JOD)

About the Jordanian Dinar

The Jordanian Dinar (JOD) is the official currency of Jordan, issued by the Central Bank of Jordan and written د.أ. in Arabic or JD in English. Its ISO 4217 minor unit is the fils, one thousandth of a dinar, though the coins in circulation are denominated in qirsh and dinars. Since 1995 the dinar has been fixed to the US dollar at a middle rate of 0.709 dinars per dollar, equivalent to about 1.41 US dollars per dinar.

The Central Bank of Jordan describes the fixed exchange rate with the US dollar as the nominal pillar of Jordanian monetary policy, and credits the arrangement, adopted in 1995, with strengthening confidence in the dinar and helping contain inflation. The bank's daily foreign-exchange bulletin lists the dollar at a buying rate of 708 fils and a selling rate of 710 fils — 0.708 and 0.710 dinars — around the administered middle rate of 0.709 dinars per US dollar.

Jordan created its own currency shortly after independence: Currency Law No. 35 of 1949 established the London-based Jordan Currency Board as sole issuer, and on 1 July 1950 the dinar became the kingdom's circulating money, with the Palestinian pound withdrawn by 30 September 1950. The Central Bank of Jordan, established in 1964, took over issuance and put its first banknote series into circulation on 4 August 1965; the first modern Jordanian coins had been struck in fils denominations in 1949.

Banknotes in everyday use come from the Central Bank of Jordan's Fifth Issue series, released between December 2022 and August 2023 in denominations of 1, 5, 10, 20 and 50 dinars and carrying what the bank describes as its latest security features. The coins listed as circulating are the ½, 1, 2½, 5 and 10 qirsh and the ¼, ½ and 1 dinar pieces; the ¼ dinar is struck in a distinctive seven-sided shape and the ½ dinar is bi-metallic.