JOD

DEFINITION of 'JOD'

The currency abbreviation or currency symbol for the Jordanian Dinar (JOD), the currency for Jordan. The dinar is made up of 10 dirham, 100 qirsh or 1000 fils and has no official symbol, but is often presented with the informal notation (JD). The dinar is also circulated on Israel's West Bank.

BREAKING DOWN 'JOD'

The dinar was first seen replacing the Palestinian pound in 1949. Dinarian coins were denominated in Arabic until 1992 and then changed to english. The dinar has been pegged to the International Money Fund's Special Drawing Rights since October of 1995. It is also unofficially pegged to the U.S. dollar.

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