Are US dollars accepted in Jordan?

Are US dollars accepted in Jordan?

The Jordanian Dinar, or "JD," is the native currency, and it is divisible into 100 piasters or 1000 fils. The dinar is linked to the US dollar. Although US dollars are often accepted, it is best to have Jordanian dinars with you when traveling across Jordan. Banks may not always accept American cash deposits, so bring your own money with you.

You can exchange foreign cash at any of the many banks, but they will charge a fee for doing so. We recommend that you deposit any unwanted foreign cash into your local bank before leaving home. Then, when you want to spend it here, there will be no fee.

Exchange rates are fixed by law at 1 JD = 3.75 USD, based on a daily average market price. Thus, as long as you keep to that ratio, you will not lose money by exchanging your funds at a bank.

In addition to banks, there are currency exchange offices in most cities. These tend to offer worse rates than banks, so we do not include them in our reviews. However, if you are looking to change a large amount of money, they may be your only option.

US dollars are widely accepted in Jordan, especially in major cities. Credit cards are also widely accepted. In rural areas, you may need to pay in local currencies (dinars or pounds).

What currency is used in Petra, Jordan?

The Jordanian dinar is worth about $1.40, or 92p, therefore $1 = JD 0.70 and PS1 = JD 1.07. The Jordanian dinar (JD) is split into 1,000 fils: 10 fils equals 1 piaster; 500 fils equals 50 piasters. There are 100 piastres to the pound.

In terms of exchange rates, currencies can be difficult to convert between because many times a single currency board will cover more than one country's money, so it's best to just calculate each conversion individually. For example, if you were to convert JPY 600 at the current rate, it would be converted to about USD 5,700. However, since Japan has multiple currency boards, that amount could vary greatly depending on which board you use. If you had access to all of them, then you could try to get an average rate from all of their different bills to come up with a more accurate estimate.

As far as I know, there isn't any official currency in use in Petra. However, since the Jordanian dinar is still widely used by merchants, going into any major city such as Amman or Jerusalem and exchanging some of your cash for dinars will make sense financially. Of course, since these cities have international airports, you can always bring your own currency into these locations.

Some helpful notes: Jordanian dinars are banknotes and coins of the same denomination.

What is the value of a Jordanian dinar?

In practice, however, the Jordanian dinar is usually tied to the US dollar at about 1 US dollar to 0.709 Jordanian dinars. However, there are times when the two currencies float against each other.

The Jordanian dinar was originally pegged to the British pound at a rate of 1 British pound = 10 dinars. But in 1959, the peg was abandoned and from then on, the dinar has been freely traded against other currencies.

In terms of purchasing power, the Jordanian dinar was relatively stable from 1962 to 1994, when it lost value due to increased import duties and foreign currency restrictions. It has since recovered much of its value.

Currently, one US dollar buys 0.711 Jordanian dinars.

About Article Author

Sarah Cutler

Sarah Cutler is a travel enthusiast and freelance writer who has lived all over the world. She's written many articles about her adventures in different countries, and she loves sharing her knowledge with others. When she isn't working or traveling, Sarah can be found reading books about history or learning about new cultures.

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