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The use of the Palestine pound ceased in the country on 30 September 1950. The Central Bank of Jordan was established in 1959 and took over note production in 1964. In 1967, Jordan lost control of the West Bank, but the Jordanian dinar continued to be used there. It continues to be widely used in the West Bank alongside the Israeli shekel. [2]
Jordanian dinar; P. Palestine pound; Media in category "Currencies of Jordan" The following 8 files are in this category, out of 8 total. 0–9. File:5 JOD Obverse1.jpg;
Jordan ranked 18th on the 2012 Global Retail Development Index which lists the 30 most attractive retail markets in the world. [37] Jordan was ranked as the 19th most expensive country in the world to live in 2010 and the most expensive Arab country to live in. [38] Jordan has been a member of the World Trade Organization since 2000. [39]
The Law of the CBJ was enacted in 1959. Thereafter, its operational procedures were commenced on the first day of October 1964. The CBJ succeeded the Jordan Currency Board which had been established in 1950. The capital of the CBJ, which is totally owned by the government, was increased gradually, from one million to 18 billion Jordanian Dinars.
The Palestine pound was also the currency of Transjordan until 1949 when it was replaced by the Jordanian dinar, and remained in usage in the West Bank of Jordan until 1950. In the Gaza Strip , the Palestine pound continued to circulate until April 1951, when it was replaced back with the Egyptian pound .
The dinar (/ d ɪ ˈ n ɑː r /) is the name of the principal currency unit in several countries near the Mediterranean Sea, with a more widespread historical use. The English word "dinar" is the transliteration of the Arabic دينار ( dīnār ), which was borrowed via the Syriac dīnarā from the Latin dēnārius .
King Hussein of Jordan: A Political Life (Yale University Press; 2008) excerpt; Bradshaw, Tancred. Britain and Jordan: imperial strategy, King Abdullah I and the Zionist movement (Bloomsbury Publishing, 2012). El-Anis, Imad H. (2011). Jordan and the United States : the political economy of trade and economic reform in the Middle East. London ...
Jordan renounced its claim to the territory to the Palestinians in 1988 and signed a peace treaty with Israel in 1994. Jordan is a semi-arid country, covering an area of 89,342 km 2 (34,495 sq mi) with a population of 11.5 million, making it the eleventh-most populous Arab country.