How Do You Spell JORDANIAN DINAR?

Pronunciation: [d͡ʒɔːdˈe͡ɪni͡ən dˈɪnɑː] (IPA)

The currency used in Jordan is known as the Jordanian Dinar. It is spelled /dɪˈnɑr/ in IPA transcription, with the stress falling on the second syllable. The word "dinar" is derived from the Latin word "denarius," which was a silver coin used during the Roman Empire. The Jordanian Dinar is divided into 10 dirhams, and is abbreviated as JOD. The current exchange rate is approximately 1 JOD to 1.41 USD.

JORDANIAN DINAR Meaning and Definition

  1. The Jordanian Dinar, often abbreviated as JOD, is the official currency of the Hashemite Kingdom of Jordan. It has been in circulation since 1950, replacing the Palestinian pound, and remains the sole legal tender in the country. The Jordanian Dinar is denoted by the symbol JD and is divided into 10 dirhams, each consisting of 10 qirsh or 100 fils.

    The Jordanian Dinar has a fixed exchange rate with the United States Dollar, with 1 JOD approximately equal to 1.41 USD. This fixed exchange rate contributes to the stability of the currency and facilitates commerce and investment within the country.

    The Central Bank of Jordan, known as the Central Bank of Jordan (CBJ), is responsible for the issuance and management of the Jordanian Dinar. It ensures the stability of the currency by implementing monetary policies, controlling inflation rates, and managing the country's foreign exchange reserves.

    The Jordanian Dinar is widely accepted within Jordan for all types of transactions, including purchases, services, and financial operations. It is available in various denominations, ranging from banknotes of 1, 5, 10, 20, 50, and 100 JD, to coins of 0.25, 0.5, 1 JD, and smaller denominations.

    As the national currency of Jordan, the Jordanian Dinar plays a crucial role in the country's economy, promoting financial stability, facilitating trade, and supporting the overall development of the nation.

Common Misspellings for JORDANIAN DINAR

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Etymology of JORDANIAN DINAR

The word "Jordanian Dinar" originates from two separate origins: "Jordanian" and "Dinar".

The term "Jordanian" refers to the country Jordan, which gained independence in 1946 after initially being a part of the Ottoman Empire and then a British mandate known as Transjordan. It is named after the Jordan River that flows through the country.

The term "Dinar" has a broader origin. It hails from the Latin word "denarius", which was a silver coin used in ancient Rome. The denarius was one of the main currencies in the Roman Empire and was widely recognized across various regions.

The usage of the term "Dinar" continued throughout history and various regions, often referring to currency units. In the context of the Jordanian Dinar, it is the official currency of Jordan and was adopted in 1950, replacing the Palestinian Pound.