History
From 1927 to 1950, the Palestine Currency Board issued Palestinian pounds as the official currency in both Palestine and the Trans-Jordan Emirate. After Jordan became an independent kingdom on 25 May 1946, the idea of issuing a national currency arose and led to the passing of the Provisional Act No. 35 of 1949. Under this Act, the Jordan Currency Board was formed, which became the sole authority entitled to issue Jordanian currency in the kingdom. The London-based entity consisted of a president and four members. As of 1 July 1950, the Jordanian dinar became the kingdom’s official currency, and use of the Palestinian pound ceased in the kingdom on 30 September 1950. Although issued by the Jordan Currency Board, the notes bear the name of The Hashemite Kingdom of the Jordan.
Until 1992, coins were denominated in Arabic using fils, qirsh, dirham and dinar but in English only in fils and dinar. Since 1992, the fils and dirham are no longer used in the Arabic denominations and the English denominations are given in dinar and either qirsh or piastres.
For a wider history surrounding currency in the region, see British currency in the Middle East.
Read more about this topic: Jordanian Dinar
Famous quotes containing the word history:
“the future is simply nothing at all. Nothing has happened to the present by becoming past except that fresh slices of existence have been added to the total history of the world. The past is thus as real as the present.”
—Charlie Dunbar Broad (1887–1971)
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“History has neither the venerableness of antiquity, nor the freshness of the modern. It does as if it would go to the beginning of things, which natural history might with reason assume to do; but consider the Universal History, and then tell us,—when did burdock and plantain sprout first?”
—Henry David Thoreau (1817–1862)