The currency of Jordan is the Jordanian dinar, abbreviated as JOD. It was introduced in 1949, replacing the Palestinian pound, and is subdivided into 10 dirhams or 100 qirsh. The dinar is one of the most stable currencies in the Middle East, as it is pegged to the U.S. dollar, providing stability against inflation and currency fluctuations. The Central Bank of Jordan is responsible for issuing and regulating the currency. The dinar has several denominations available in notes and coins, and it plays an essential role in the economy of Jordan, influencing trade, tourism, and daily transactions.