British Military Administration ordinance [No. 73A] on the adoption of the Egyptian Pound as the unit of account and rating of other coinage in circulation; effective immediately
02.01.1921
British High Commissioner's ordinance [No. 36] on the demonetization of all circulating coinage except for the British Sovereign; effective 22.01.1921
07.02.1927
AH:04.08.1345
Law [Currency Order] on the introduction of the Palestinian Pound as currency for Palestine and Transjordan territories; effective 01.11.1927
01.04.1927
AH:28.09.1345
Ordinance [Currency Notes] on the issuance of paper money by the Palestine Currency Board; effective 01.11.1927
01.11.1927
Start of currency exchange: - 01.11.1927: Start of issuance of the new banknotes and coins - 29.02.1928: Demonetization of the British Sovereign - 31.03.1928: Demonetization of the Egyptian currency.
Time Period: 1950-
Currency: Jordanian Dinar
Transition
1 : 1 Palestinian Pound
Sub-units
Dinar / 1000 Fils (1950-1991) Dinar / 100 Piastres (1992-)
ISO4217
JOD
Timeline
??.??.1949
(Temporary) law [No. 35] on the establishment of a currency board and introduction of a national currency; effective 01.01.1950. - ??.??.1949: Amended (temporary) law [No. 49] allowing a later enforcement date; effective 01.07.1950.
01.07.1950
Start of currency exchange: - 01.07.1950: Start of issuance of the new banknotes - 30.09.1950: End of exchange period, demonetization of the Palestinian banknotes, coins were tolerated until 30.06.1951.
14.02.1959
Central Bank Law, amended 1960; effective upon constitution of the bank on 01.10.1964
04.08.1965
Start of issuance of banknotes by the Central Bank - 05.06.1971: Government (or Central Bank) resolution on the demonetization of the Currency Board's banknotes; effective 31.10.1971.
Valuation Regimes
1950-1967
Fixed rate against British Pound
1967-1974
Fixed rate against US Dollar
1974-1975
Variable rate
1975-1988
Fixed rate against IMF Special Drawing Rights (SDR) unit
1988-1995
Variable rate
1995-
Fixed rate against US Dollar
Rate Arrangements
01.07.1950
Fixed
British Pound at 1 : 1 - [Gold parity (02.10.1953)] 2'488.28mg AU fine
±0.0%
18.11.1967
Fixed
US Dollar at 2.80 : 1 - [Gold parity] 2'488.28mg AU fine
±0.0%
08.05.1972
Fixed
US Dollar at 2.80 : 1 - [Gold parity] 2'291.84mg AU fine