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In 1949, banknotes were issued by the Jordan Currency Board in denominations of 1 ⁄ 2, 1, 5, 10 and 50 dinars. They bore the country's official name, "The Hashemite Kingdom of the Jordan". [5] 20 dinar notes were introduced in 1977. The 50 dinar note was redesigned and the 1 ⁄ 2 dinar notes were replaced by coins in 1999.
The Central Bank of Jordan commenced operations in 1964 and is the sole issuer of Jordanian currency, the Jordanian dinar, which is pegged to the US dollar. The following chart of the trend of gross domestic product of Jordan at market prices by the International Monetary Fund with figures in millions of Jordanian dinars. [26]
The Law of the CBJ was enacted in 1959. Thereafter, its operational procedures were commenced on the first day of October 1964. The CBJ succeeded the Jordan Currency Board which had been established in 1950. The capital of the CBJ, which is totally owned by the government, was increased gradually, from one million to 18 billion Jordanian Dinars.
Jordan renounced its claim to the territory to the Palestinians in 1988 and signed a peace treaty with Israel in 1994. Jordan is a semi-arid country, covering an area of 89,342 km 2 (34,495 sq mi) with a population of 11.5 million, making it the eleventh-most populous Arab country.
The dinar (/ d ɪ ˈ n ɑː r /) is the name of the principal currency unit in several countries near the Mediterranean Sea, with a more widespread historical use. The English word "dinar" is the transliteration of the Arabic دينار ( dīnār ), which was borrowed via the Syriac dīnarā from the Latin dēnārius .
Jordan adopted the Jordanian dinar in 1949. In the West Bank, the Palestine pound continued to circulate until 1950, when the West Bank was annexed by Jordan, and the Jordanian dinar became legal tender there. The Jordanian dinar is still legal tender in the West Bank along with the Israeli shekel.
Jordanian dinar; P. Palestine pound; Media in category "Currencies of Jordan" The following 8 files are in this category, out of 8 total. 0–9. File:5 JOD Obverse1.jpg;
No fees when using Dinarak MasterCard at Jordan Kuwait Bank ATMs; No fees for receiving money; Paying for goods and services; Cardless automated teller machine withdrawals at Cairo Amman Bank; No fees for making payments to retailers and merchants; Bill payments / eFAWATEERCOM: free (no fees are added by Dinarak) Free account opening; No ...