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Jordanian Dinar (JOD)
Real-time tradable Forex prices
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Description:
The official currency of Palestine (Jordanian Dinar) is effectively pegged to the US dollar at 0.71 JOD per dollar.
1 Dinar = 10 Piastres = 1000 Fils
Currency history:
Palestine was part of the Ottoman Empire from 1516 until the British occupied it on September 26, 1918. When Palestine was divided in 1948, the West Bank became part of Jordan, and the Gaza Strip became part of Egypt. The West Bank and Gaza Strip were seized by Israel in June 1967 during the Six-Day War. Jordan renounced its claim to the West Bank on July 31, 1988, and the Palestinian Authority was set up on February 12, 1996 to govern parts of the West Bank and Gaza Strip.
Ottoman Empire Piastres (XOTP) circulated in Palestine while it was part of the Ottoman Empire. Egyptian Pounds (EGP) circulated in Palesine from 1918 until November 1, 1927 when the Palestine Pound (PSP) was created. The Jordanian Dinar (JOD) replaced the Palestinian Pound on July 1, 1950 at par with the Palestine Pound on the West Bank. Egyptian Pounds were used in the Gaza Strip.
After Israel seized the West Bank and Gaza Strip, the Israeli monetary system was introduced. The Israeli Pound (ILP) became the medium of exchange in the occupied territories. The Israeli Pound was replaced by the Sheqel (ILL) on February 22, 1980 with 1 Pound equal to 10 Sheqels. Inflation during the 1980s led to the introduction of a New Sheqel (ILS) at the rate of 1 New Sheqel equal to 1000 Old Sheqels. The Sheqel is divided into 100 Agorot and 1000 Prutot. Banknotes are issued by the Bank of Israel.
Transactions in Palestinian territories are usually carried out in Israeli Sheqels, though accounts are also kept in Jordanian Dinars.
Historical data source: Global Financial Data
Related Information:
» Palestine Monetary Authority »
The official currency of Palestine (Jordanian Dinar) is effectively pegged to the US dollar at 0.71 JOD per dollar.
1 Dinar = 10 Piastres = 1000 Fils
FX chart data provided by Saxo Bank
Currency history:Palestine was part of the Ottoman Empire from 1516 until the British occupied it on September 26, 1918. When Palestine was divided in 1948, the West Bank became part of Jordan, and the Gaza Strip became part of Egypt. The West Bank and Gaza Strip were seized by Israel in June 1967 during the Six-Day War. Jordan renounced its claim to the West Bank on July 31, 1988, and the Palestinian Authority was set up on February 12, 1996 to govern parts of the West Bank and Gaza Strip.
Ottoman Empire Piastres (XOTP) circulated in Palestine while it was part of the Ottoman Empire. Egyptian Pounds (EGP) circulated in Palesine from 1918 until November 1, 1927 when the Palestine Pound (PSP) was created. The Jordanian Dinar (JOD) replaced the Palestinian Pound on July 1, 1950 at par with the Palestine Pound on the West Bank. Egyptian Pounds were used in the Gaza Strip.
After Israel seized the West Bank and Gaza Strip, the Israeli monetary system was introduced. The Israeli Pound (ILP) became the medium of exchange in the occupied territories. The Israeli Pound was replaced by the Sheqel (ILL) on February 22, 1980 with 1 Pound equal to 10 Sheqels. Inflation during the 1980s led to the introduction of a New Sheqel (ILS) at the rate of 1 New Sheqel equal to 1000 Old Sheqels. The Sheqel is divided into 100 Agorot and 1000 Prutot. Banknotes are issued by the Bank of Israel.
Transactions in Palestinian territories are usually carried out in Israeli Sheqels, though accounts are also kept in Jordanian Dinars.
Historical data source: Global Financial Data
Related Information:
» Palestine Monetary Authority »
Disclaimer
The currency data in this section is provided by Saxo Bank. The material is provided for information only and no information contained herein constitutes a solicitation for the purpose of purchase or sale of any commodity, security or investment, nor should it serve as the basis for any investment decision.
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Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC.
© Saxo Bank. All rights reserved.
The currency data in this section is provided by Saxo Bank. The material is provided for information only and no information contained herein constitutes a solicitation for the purpose of purchase or sale of any commodity, security or investment, nor should it serve as the basis for any investment decision.
Saxo Bank or AME Info does not guarantee the accuracy or completeness of any information or analysis supplied. Saxo Bank or AME Info shall not be liable to any customer or third person for the accuracy of the information or any market quotations supplied through this service to a customer, nor for any delays, inaccuracies, errors, interruptions or omissions in the furnishing thereof, for any direct or consequential damages arising from or occasioned by said delays, inaccuracies, errors, interruptions or omissions, or for any discontinuance of the service.
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC.
© Saxo Bank. All rights reserved.
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