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LOCAL CURRENCY IN JORDAN

Would you like to know name of the currency in Jordan? The currency used in Jordan is called Dinar.

The Jordanian Dinar is issued and managed by the Central Bank of Jordan. To find out the current currency exchange rates for Dinar to other major currencies of the world, click on foreign currency rates.

Jordanian Currency Information
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The currency used in Jordan is called as the Dinar. This currency is denoted with the currency sign and the ISO 4217 Code for the Jordanian Dinar is JOD. The Dinar, is the official currency of the Jordan . It is divided into 100 smaller units called qirsh or piastre.

The constitution of Jordan provides that the Jordan government shall have the power to print the Jordanian Dinar and qirsh or piastre coins to be used as a legal tender in Jordan. The Jordanian Dinar bank notes and Qirsh Or Piastre coins are both designated as "legal tender" in payment of debts.

The Jordanian Dinar bill uses the decimal system, consisting of 100 equal units.

The symbol , usually written before the numerical amount, is used for the Jordanian Dinar.

Currently printed bank notes denominations are 1, 5, 10, 20, 50 dinars and the coins are minted in the denominations of ½, 1 qirsh, 2½, 5, 10 piastres, ¼, ½, 1 dinar .

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How Does Balance of Trade and Investment Affect the Value of the Jordanian Dinar
Financial analysts regularly cite the balance of trade and investment in Jordan as the most important influence on the value of the Dinar. The difference between what the Jordan exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Dinar exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Dinar exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Jordanian Dinar.
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