Dinars
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Dinars
The dinar () is the principal currency unit in several countries near the Mediterranean Sea, and its historical use is even more widespread. The modern dinar's historical antecedents are the gold dinar and the silver dirham, the main coin of the medieval Islamic empires, first issued in AH 77 (696–697 CE) by Caliph Abd al-Malik ibn Marwan. The word "dinar" derives from the Latin " ''dēnārius''," a silver coin of ancient Rome, which was first minted about c.211 BCE. The English word "dinar" is the transliteration of the Arabic دينار (''dīnār''), which was borrowed via the Syriac ''dīnarā'', itself from the Latin ''dēnārius''. The Kushan Empire introduced a gold coin known as the ''dīnāra'' into India in the 1st century AD; the Gupta Empire and its successors up to the 6th century adopted the coin. The modern gold dinar is a projected bullion gold coin, not issued as official currency by any state. Legal tender Countries currently using ...
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Serbian Dinar
The dinar ( sr-Cyrl, динар, ; paucal: dinara / динара; Currency symbol, abbreviation: DIN (Gaj's Latin alphabet, Latin) and дин (Serbian Cyrillic alphabet, Cyrillic); ISO 4217, code: RSD) is the currency of Serbia. One dinar is subdivided into 100 Para (currency), para. The dinar was first used in Serbia in medieval times, its earliest use dating back to 1214. Medieval dinar The first mention of a "Serbian dinar" dates back to the reign of Stefan Nemanjić in 1214. Until the fall of Serbian Despotate, Despot Stjepan Tomašević in 1459, most of the Serbian rulers minted silver dinar coins. The first Serbian dinars, like many other south-European coins, replicated Venetian grosso, including characters in Latin (the word 'Dux' replaced with the word 'Rex'). It was one of the main export articles of medieval Serbia for many years, considering the relative abundance of silver coming from Serbian mines. Venetians were wary of this, and Dante Alighieri went so far as to ...
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Iraqi Dinar
The Iraqi dinar () (Arabic language, Arabic: دينار; currency sign, sign: ID in Latin alphabet, Latin, د.ع in Arabic script, Arabic; ISO 4217, code: IQD) is the currency of Iraq. It is issued by the Central Bank of Iraq and is subdivided into 1,000 fils (فلس), although inflation has rendered the fils obsolete since 1990. On 26 December 2022, the exchange rate with the US Dollar was US$1 = 1556 dinars. History The Iraqi dinar entered circulation on 1 April 1932, replacing the Indian rupee, which had been the official currency since the Mesopotamian campaign, British occupation of the country in World War I, at a rate of 1 dinar = 11 rupees. The dinar was pegged at par with Pound sterling, sterling until 1959 when, without changing its value, the peg was switched to the United States dollar at the rate of ID 1 = US$2.80. By not following the US devaluations in 1971 and 1973, the official rate rose to US$3.3778, before a 5% devaluation reduced its rate to US$ ...
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Jordanian Dinar
The Jordanian dinar ( ar, دينار أردني; ISO 4217, code: JOD; unofficially abbreviated as JD) has been the currency of Jordan since 1950. The dinar is divided into 10 dirhams, 100 qirsh (also called piastres) or 1000 fils (currency), fulus. It is pegged to the US dollar. The Central Bank of Jordan commenced operations in 1964 and became the sole issuer of Jordanian currency, in place of the Jordan Currency Board. The Jordanian dinar is also widely used in the West Bank alongside the Israeli new shekel, Israeli shekel. History In 1927, the British administration of the Palestinian Mandate established the Palestine Currency Board which issued the Palestine pound which was the official currency in both Mandatory Palestine and the Emirate of Transjordan. Though Jordan became an independent kingdom on 25 May 1946, it continued to use the Palestinian pound for a while. In 1949, it passed the Provisional Act No. 35 of 1949, which established the Jordan Currency Board as the s ...
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Algerian Dinar
The dinar ( ar, rtl=yes, 1=دينار جزائري, links=, lit=, translit=Dīnār Ǧazāʾirī, ber, script=Tfng, 1=ⴷⵉⵏⴰⵕ ⴰⴷⵣⴰⵢⵔⵉ, links=, lit=, translit=, label=; sign: DA; code: DZD) is the monetary currency of Algeria and it is subdivided into 100 ''centimes''. Centimes are now obsolete due to their extremely low value. Etymology The name "dinar" is ultimately derived from the Roman denarius. The Arabic word ''santīm'' comes from the French "centime", since Algeria was under French occupation from 1830 to 1962. History The dinar was introduced on 1 April 1964, replacing the Algerian new franc at par. Exchange rates The official exchange rate set by the Central Bank of Algerian: Algerian Dinar to U.S. dollar is approximately د.ج138.26 per 1 US dollar. The real exchange rate of the Algerian Dinar to U.S. dollar is approximately د.ج212 per 1 US dollar on black market. Argotic counting system The masses rarely use the dinar as such, but the fr ...
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Libyan Dinar
The dinar ( ar, دينار (); currency sign, sign: LD in Latin alphabet, Latin, ل.د in Arabic script, Arabic; ISO 4217, code: LYD) is the official currency of Libya. The dinar is divided into 1,000 dirhams (). It is issued by the Central Bank of Libya, which also supervises the banking system and regulates credit. History It was introduced in September 1971 and replaced the Libyan pound, pound at par. The currency was pegged to the special drawing rights at a rate of 2.80 SDRs per dinar. In 1972, the Libyan Arab Foreign Bank was established to deal with overseas investment. In February 1973, the dinar was pegged to the US dollar at a rate of 0.29679 dinar per dollar (LD 1 = US$3.37), which was maintained until 1986. The peg was switched to the special drawing rights on 18 March 1986, with 1 dinar = 2.80 SDRs. On 1 May 1986, the dinar was allowed to trade in a 7.5% range of 2.80 SDRs. This range was expanded several times. The currency started to devalue gradu ...
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