23/03/2020: COVID-19 Pandemic Impact
The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.
17/03/2020: COVID-19 Impact on the Dinar
The COVID-19 pandemic and its economic consequences significantly impacted the value and stability of the Jordanian dinar.
10/11/2019: Announcement of Digitizing the Dinar
The Central Bank of Jordan announced its plan to digitize the Jordanian dinar to enhance efficiency and reduce costs.
15/12/2013: Launch of the New 50 Dinar Note
A new 50 dinar banknote featuring King Abdullah II was released, replacing the old design.
15/12/2008: Global Financial Crisis Impact
The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.
09/11/2001: Rand Weakens to Record Low
The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.
01/01/2001: Introduction of New Dinar Notes
New banknotes of the Jordanian dinar were introduced with enhanced security features.
01/01/1995: Establishment of Reserve Bank Independence
The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.
27/04/1994: First Democratic Elections
The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.
01/07/1989: Devaluation of the Dinar
The Jordanian dinar was devalued by 50% to stimulate exports and economic growth.
01/08/1982: Currency Decimalization
The rand was decimalized, with 1 rand being equal to 100 cents.
01/03/1965: Replacement of Filas
The filas, a fractional unit of the dinar, were replaced by smaller denomination coins.
14/09/1961: Introduction of the Rand
The South African rand was introduced as the official currency, replacing the South African pound.
01/04/1950: Introduction of the Jordanian Dinar
The Jordanian dinar was introduced as the official currency of Jordan, replacing the Palestine pound.