JORDANIAN MONETARY UNIT Meaning and
Definition
-
Jordanian Monetary Unit refers to the official currency of the Hashemite Kingdom of Jordan, a country located in the Middle East. It is the legal tender used for conducting financial transactions within the nation and is regulated by the Central Bank of Jordan. The Jordanian Monetary Unit is denoted by the symbol "JOD" and has a divided subunit known as "piaster" or "qirsh."
The current currency unit is the dinar. One Jordanian dinar is further divided into 1000 fils or 100 piasters. The banknotes of Jordanian Monetary Unit commonly come in denominations of 1, 5, 10, 20, and 50 dinars, whereas coins are circulated in denominations of 1 piaster, 5 piasters, 10 piasters, 25 piasters, 50 piasters, and 1 dinar. The Jordanian Monetary Unit is widely accepted for trade and commerce and reflects the stability and economic growth of the country.
The Central Bank of Jordan is responsible for regulating the monetary policy and issuing and maintaining the supply of the Jordanian currency. They closely monitor the currency's value, stability, and exchange rate against other international currencies. The Jordanian Monetary Unit plays a crucial role in maintaining the financial and economic stability of the country, supporting local businesses, and facilitating international trade and investment.
Common Misspellings for JORDANIAN MONETARY UNIT
- hordanian monetary unit
- nordanian monetary unit
- mordanian monetary unit
- kordanian monetary unit
- iordanian monetary unit
- uordanian monetary unit
- jirdanian monetary unit
- jkrdanian monetary unit
- jlrdanian monetary unit
- jprdanian monetary unit
- j0rdanian monetary unit
- j9rdanian monetary unit
- joedanian monetary unit
- joddanian monetary unit
- jofdanian monetary unit
- jotdanian monetary unit
- jo5danian monetary unit
- jo4danian monetary unit
- jorsanian monetary unit
