Business, Legal & Accounting Glossary
JOD is the three-character currency abbreviation for the Jordanian Dinar based on the ISO-4217 standard codes. JOD is the official currency of the Hashemite Kingdom of Jordan. The common usage symbol for the JOD is JD. The Central Bank of Jordan is the government institution that issues the JOD. The JOD divides into smaller units known as fils. Each JOD equals 1,000 fils. The JOD is considered a minor currency and is not actively traded in the international currency markets. The value of the JOD against other currencies is a composite between a free market-determined “float” price and a fixed exchange rate as determined by the central bank. That is, market forces do not fully determine the value of the JOD. The approximate conversion value (in late 2005) for the JOD in US dollars is JOD 0.70+ to USD 1.
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This glossary post was last updated: 9th February, 2020 | 146 Views.