What are the currency of Jordan

Introduction

  The currency of Jordan is the Jordanian dinar, which was issued by the Central Bank of Jordan, as there are several categories of this coin, where divided into paper Category distributed as five dinars, ten dinars, and twenty dinars, as well as the latter category; they are fifty Dinars, while the other category; they metal, which vary from quarter dinar, half dinar, as well as the five money, money ten, twenty-five fils, and finally a hundred fils. Here are some quick information about this most important currency:

Historically, the currency of Jordan

• Jordan was used the Palestinian pound as its currency until 1949, when the Jordanian Dinar was introduced on a par with the pound.
• In 1949, coins were introduced from category 1, 5.10, 20.50, and 100 fils.
• It has been introduced within the category of 25 fils coins in 1968.
• The quarter dinar was introduced in 1970.
• Until 1992 it was the coins in the Arabic language name fils respectively, shark, dirhams and dinars.
• In 1996 was the introduction of the smaller coins, a quarter dinars, as well as half dinar and the dinar.

Jordanian exchange rate

Jordan's exchange rate has been linked after the establishment of the Jordanian Monetary Council (the central bank) in 1950 with the pound sterling until 1967, then connect price with the Special Drawing Rights, then connect with foreign currency basket and total flotation, but since 1995, then linked to the fixed exchange rate regime with dollar, where 70 pounds of it is equal to one US dollars.

central bank

Central Bank, which has a capital of eighteen million Jordanian dinars currently, the issuance of banknotes and coins, and licensing of banks and branches, it also offers banking services to the government and public institutions.

The Jordan economically - to the local currency effect in sync with private in Tqah illusions oil, natural gas and water sources - areas of the economy is a small country in natural resources limited, so the Jordan looking at ways to expand the water supply, and the use of available more efficiently water, including the resources of through regional cooperation with the Zionists.

This country also depends on external sources in most of its energy needs, and during 1990, has meet its needs of crude oil through imports from Iraq and neighboring countries, and in early 2003, has been imported oil from some of the Gulf Cooperation Council (GCC), The Gas In 2003 The completion of the Arab Gas Pipeline, linking Egypt to the southern port city of Aqaba.