Dinars And Dirhams
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Dinars And Dirhams
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 cur ...
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Dinar
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 usi ...
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Kushan Empire
The Kushan Empire ( grc, Βασιλεία Κοσσανῶν; xbc, Κυϸανο, ; sa, कुषाण वंश; Brahmi: , '; BHS: ; xpr, 𐭊𐭅𐭔𐭍 𐭇𐭔𐭕𐭓, ; zh, 貴霜 ) was a syncretic empire, formed by the Yuezhi, in the Bactrian territories in the early 1st century. It spread to encompass much of modern-day territory of, Afghanistan, Pakistan, Uzbekistan, and northern India, at least as far as Saketa and Sarnath near Varanasi (Benares), where inscriptions have been found dating to the era of the Kushan Emperor Kanishka the Great. The Kushans were most probably one of five branches of the Yuezhi confederation, an Indo-European nomadic people of possible Tocharian origin, who migrated from northwestern China (Xinjiang and Gansu) and settled in ancient Bactria. The founder of the dynasty, Kujula Kadphises, followed Greek religious ideas and iconography after the Greco-Bactrian tradition, and being a follower of Shaivism. The Kushans in general were ...
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Macedonian Denar
The denar ( mk, денар; paucal: denari / денари; Currency symbol, abbreviation: ден (Macedonian Cyrillic alphabet, Cyrillic) or DEN (Latin alphabet, Latin), ISO 4217, ISO code: MKD) is the currency of North Macedonia. Though subdivided into one hundred deni (), coins with a denomination of less than one denar have not been in use since 2013. History The first denar was established as a temporary currency on 26 April 1992 in the then-North Macedonia, Republic of Macedonia, replacing the 1990 version of the Yugoslav dinar at a 1:1 parity. In May 1993, the currency was reformed and a new denar was introduced, with one new denar being equal to 100 old denars. Etymology The name denar comes from the name of the Ancient Rome, ancient Roman monetary unit, the ''denarius''. The currency symbol, abbreviation is ден, the first three Macedonian alphabet, Cyrillic letters of its name. First denar (1992–1993) The first denar was a temporary currency introduced on 26 April 1 ...
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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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Kuwaiti Dinar
The Kuwaiti dinar ( ar, دينار كويتي, code: KWD) is the currency of Kuwait. It is sub-divided into 1,000 fils. As of 2022, the Kuwaiti dinar is the currency with the highest value per base unit, with KD 1 equalling US$3.32, ahead of the Bahraini dinar with BD 1 equalling US$2.65. History The dinar was introduced in 1961 to replace the Gulf rupee, equal to the Indian rupee. It was initially equivalent to £1  stg. As the rupee was fixed at 1/ 6''d'', that resulted in a conversion rate of Rs. to KD 1. When Iraq invaded Kuwait in 1990, the Iraqi dinar replaced the Kuwaiti dinar as the currency and large quantities of banknotes were stolen by the invading forces. After liberation, the Kuwaiti dinar was restored as the country's currency and a new banknote series was introduced, allowing the previous notes, including those stolen, to be demonetized. Coins The coins in the following table were introduced in 1961. The design of all coins is similar ...
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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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