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1/2 Dinar - Hussein

Issuer Central Bank of Jordan
Year 1996
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Orientation Medal alignment ↑↑
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Obverse lettering الحسين بن طلال ملك المملكة الأردنية الهاشمية
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Edge Smooth
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Additional information

Jordan's half-dinar denomination was introduced in the 1990s as part of a broader recoinage programme tied to the kingdom's managed exchange rate policy, which has pegged the dinar to the US dollar since 1995 at a rate of 0.708 dinars — one of the most rigidly maintained pegs in the Arab world. The brass composition replaced earlier bimetallic experiments as a cost-reduction measure following the severe debt crisis Jordan entered in the late 1980s, when the dinar lost nearly half its value before IMF intervention stabilised the currency.

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