Jordanian Dinar (JOD)

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Definition of 'Jordanian Dinar (JOD)'

The Jordanian dinar (JOD) is the currency of Jordan. It is divided into 1000 fils. The dinar is issued by the Central Bank of Jordan. The dinar was introduced in 1950 to replace the Palestine pound, which had been the currency of Jordan since 1927. The dinar is pegged to the US dollar at a rate of 1 JOD = 1.41 USD.

The dinar is a relatively stable currency and is used in many countries in the Middle East. It is also used as a reserve currency by many central banks. The dinar is a popular currency for tourists to Jordan, as it is easy to exchange for other currencies.

The dinar is a relatively new currency, but it has already become a major player in the global economy. It is a stable and reliable currency that is used by many countries in the Middle East. The dinar is also a popular currency for tourists to Jordan, as it is easy to exchange for other currencies.

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