Jordanian dinar: description, exchange rate to other currencies

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

The national currency of Jordan is called the Jordanian dinar. One dinar contains 100 piastres or qirsh. This currency is not in great demand in the global foreign exchange market, so it is rarely used as an object of trading. In addition, few people know that such a currency even exists.

Description

The Jordanian dinar has an international letter designation in the form of the JOD code. Colloquially or informally, he is also often referred to simply as JD.

Today, metal coins of 1 and half qirsh, as well as 2 and a half, 5 and 10 piastres, a quarter and 1/2 dinar are used in the country. Paper banknotes in circulation are in denominations of one, five, ten, twenty and fifty dinars.

Paper banknotes, as a rule, depict portraits of the rulers (kings) of the state (Hussein I, Abdullah I and II, etc.).

The institution responsible for issuing the banknote is the Central Bank of Jordan, where all banknotes and metal coins used as legal tender are issued.

History of the Jordanian dinar

Currency-the predecessor of today's kingdom is the Palestinian pound, which has been in circulation on the territory of the state since 1927. He, in turn, replaced the Egyptian pound.

The country's modern currency was put into circulation in the 1950s. Since then, she has changed her appearance several times. The most famous samples of paper banknotes were issued from 1992 to 1999. and in 2002

Jordanian dinar exchange rate

Despite the fact that the country's national currency is not very popular among financial speculators, the JOD rate is quite high and stable. This is facilitated by a strong economy of the state and a stable political situation. In addition, in recent years, the tourism sector has been actively developing here.

As of early August 2018, the Jordanian dinar exchange rate against the ruble is approximately 89 units. That is, for one JOD you can get almost 90 rubles. Thus, for one Russian ruble you can get a little more than 0.01 JOD.

It is worth noting that the Jordanian dinar has strongly strengthened against the ruble today. This is due to the depreciation of the Russian currency against the backdrop of a stable growth of the kingdom's currency. How the course dynamics will move in the future is still unknown, but there are fairly accurate forecasts released by professional financial analysts.

If we compare the rate of the Jordanian dinar to the dollar, then not so long ago their value was almost equal. However, at the moment (August 2018), JOD is valued more than USD. So, one dollar contains only 0.7dinar. Accordingly, the ratio of the Jordanian dinar to the dollar is approximately 1.4.

Almost the same situation when compared to other popular world currencies. For example, one dinar contains 1.2 euros, and one EUR, therefore, 0.8 JOD.

Exchange transactions

When going on a visit to this country, it is better to find out the financial situation in advance. You can safely go to Jordan with American dollars or euros. These banknotes are accepted here in almost any bank or exchange office and they will gladly exchange them for local currency.

The situation with other money is somewhat more complicated. If you can still find a place where you can exchange the currency of neighboring Saudi Arabia, then you should not come to the country with rubles, pounds or any other currency. Local banks and exchangers do not work with them. And if you manage to find such a place, then the commission for the operation will be truly extortionate.

It is better to exchange rubles for dollars in advance, and them for national money. Exchange operations are carried out at the airport, large hotels, banks and other financial institutions. The highest commissions are at the airport, so many tourists try not to change money here.

Do not forget that Jordan is an Arab country, so banks and other institutions do not work here during the daytime, but only in the morning and evening. This is due to the unbearable heat when the sun is at its zenith. This is typical for almost all countries of the Middle East, North Africa, as well as for Spain andPortugal.

Cashless payment

Jordan is a modern and fairly developed country, so in large cities you can safely pay with credit and debit cards, even from foreign banks. Many hotels, large shopping malls and restaurants even accept contactless payments (Apple Pay and Android Pay).

However, if you decide to travel outside of large settlements, then stock up on enough cash, because your card will not be accepted anywhere. However, outside of modern cities, except for nomadic Bedouins and the desert, there is nothing much to see.

In any case, it is recommended to calculate all the options in advance and prepare the right amount of cash so that there are no undesirable incidents. It would be best if you carry both cash and non-cash money with you, and pay according to the situation in the way that is more suitable in specific circumstances.

You should also immediately find out from the bank that issued your card whether it is possible to pay with it abroad, namely in Jordan. Not every card will work abroad. In some cases, a bank commission may be charged for this, which is also unprofitable for the holder.

Getting money from ATMs

In cities, there are no problems with ATMs, self-service terminals and branches of financial institutions where you can withdraw money. Although compared to Europe or America, there are not so many of them.

Outside the cities, find a way to get cash from your cardor bank account is almost impossible. Therefore, when traveling outside of civilization, it is necessary to prepare a sufficient amount of local cash.

Interesting facts

The name of the Jordanian dinar comes from the ancient Roman word "denarius", which denoted silver coins. The name of the small coin of the kingdom of piastre comes from the Italian word, which can be translated as "tile". In the Middle Ages, the piastres looked like silver tiles.

Few people know that, in addition to piastres, change coins in Jordan are also kirshes, of which there are 100 units in one dinar, and fils (one JOD contains 1000 fils). Colloquially and informally, the 10 fils coin is often referred to as a kirsch. They are rarely used in real life as a means of payment.

It is interesting that all the coins in the country are presented in two variations: round and octagonal.

Besides Jordan, dinars (of course others) are used as the national currency in many other countries (Algeria, Libya, Serbia, Kuwait, etc.).

Not counting the designations of the banknotes of some countries, in Muslim states the word "dinar" refers to a measure of weight.

All inscriptions on Jordanian dinar banknotes are made in two languages: Arabic and English.

Conclusion

Jordan is a country in the Middle East, which has not only natural beauties, national flavor, but also a rich history andculture. On its territory there are many interesting sights. Recall, for example, the world-famous Petra.

Thanks to this, as well as considerable financial injections from the ruling elite and business, the tourism sector began to actively develop in the country. Therefore, a stream of foreign tourists, including Russians, poured in here. In this regard, interest in national money also increased.

etc. This will help to avoid unwanted difficulties with the exchange of money and payment for purchases and services.

Also, having studied the history of the national currency, you will be able to get to know the country where you are going to rest better. After all, national money is a kind of symbol of the state along with the anthem, flag and coat of arms.