Jordanian Dinar

Overview

Economy

• Jordan is a member of Arab League, OIC, WTO, OECD (enhanced engagement).
• Main industries include: Tourism, Information technology, Clothing, Fertilizer, Potash, Phosphate mining, Pharmaceuticals, Petroleum refining, Cement, Inorganic chemicals, Light manufacturing.
• Jordan is part of the World Trade Organization.
• Imports are crude oil, refined petroleum products, machinery, transport equipment, iron, cereals.
• Major exports include textiles, fertilizers, potash, phosphates, vegetables, pharmaceuticals.
• GDP: $48.8 billion (2023 est.).
• GDP per capita: $4,405 (2023 est.).
• Unemployment rate: 22.6% (2023 est.).
• Inflation rate: 4.4% (2023 est.).
• Main trading partners: United States, Saudi Arabia, China, Germany, United Arab Emirates, Iraq.
• Trade agreements: Jordan-US FTA, Jordan-EU Association Agreement, Arab Free Trade Area.

History

• Previous currencies used: Palestinian pound, Ottoman Turkish lira.
• The Jordanian dinar was introduced in 1950, replacing the Palestinian pound. It has maintained relative stability and has been pegged to the US dollar since 1995.
• 1950: JOD introduced, replacing Palestinian pound
• 1959: Central Bank of Jordan established
• 1967: Six-Day War economic impact
• 1988: Economic crisis and IMF program
• 1995: Pegged to USD at 0.709:1
• 2011: Arab Spring regional impact
• Exchange rate peg: GBP (1950-1967).
• Exchange rate peg: USD (1995-present) at 0.709 JOD = 1 USD.
• Currently pegged to USD at 0.709 JOD = 1 USD.

General Information

• ISO 4217 Code: JOD
• Symbols: JOD/د.ا
• Currency Subunits: 1000 fils
• Central Bank: Central Bank of Jordan
• Monetary Policy: Currency board system maintaining USD peg. Focus on price stability and supporting economic development in resource-scarce environment.
• Bills: 1 JOD, 5 JOD, 10 JOD, 20 JOD, 50 JOD
• Coins: ½ piastre, 1 piastre, 2½ piastres, 5 piastres, 10 piastres, ¼ dinar, ½ dinar
• USD Exchange Rate: 0.709
• Pegged To: USD at 0.709 JOD = 1 USD
• Capital: Amman
• Population: 11,285,869 (2023 est.)
• Area: 89,342 km²
• Languages: Arabic (official), English
• Time Zones: UTC+2 (Jordan Standard Time), UTC+3 (Jordan Daylight Time)
• Government Type: Parliamentary constitutional monarchy
• Head of Government: King (head of state), Prime Minister (head of government)
• Independence: May 25, 1946 (from British Mandate)
• Ethnic Groups: Arab 95.4%, Circassian 1.2%, Armenian 0.6%, Other 2.8%
• Religions: Muslim 97.1% (predominantly Sunni), Christian 2.1% (majority Greek Orthodox), Other 0.8%
• Literacy Rate: 98.2% (2018 est.)
• Transport: Queen Alia International Airport, modern road networks, railway to Saudi Arabia, Aqaba port
• Communications: Advanced telecommunications, 77% internet penetration, comprehensive mobile coverage
• Energy: Natural gas 67%, Oil 21%, Renewables 11%, Shale oil 1%
• Countries Using This Currency: Jordan
• Data Sources: Central Bank: Central Bank of Jordan (cbj.gov.jo), Economic Data: Department of Statistics Jordan, World Bank, IMF, Trade Data: Jordan Customs Department, Demographic Data: Department of Statistics Jordan, Geographic Data: Jordan Meteorological Department, Historical Data: Central Bank of Jordan archives
• Last Updated: 2025