By Admin 
There are many countries in the world whose currency is more valuable than the Indian rupee. The names of Kuwait, Bahrain, Dollar, Pound and Euro are included in this list. Apart from this, the value of currency of Jordan, a Muslim country, which has a population of only 1 crore 12 lakh, is also much higher than the Indian Rupee. According to the report of Vice.com, the price of 1 Jordanian Dinar (JOD) is approximately equal to Rs 126.8 in Indian currency. Whereas 1 Indian Rupee is equal to only 0.00788 Jordanian Dinar in Jordan. According to this, if an Indian earns only 800 Jordanian Dinar in Jordan, then its value in India will be Rs 1 lakh 14 thousand.
In terms of value, the Jordanian Dinar ranks very high. It is considered to be the fourth most high-value currency in international ranking. In this list, only Kuwaiti Dinar, Bahraini Dinar and Omani Rial come ahead of it, hence JOD is counted among the most stable and reliable currencies of the world.
Why is the Jordanian Dinar so expensive?
Many people think that only oil-rich countries have strong currencies, but Jordan is an exception. Despite the absence of large oil reserves here, its currency remains at a consistently high level. The biggest reason for this is its economic structure. Jordan keeps its currency pegged to the US dollar at a stable rate, which prevents sudden fluctuations in the market. Due to this stability, confidence in the currency remains strong and the risk of international investors is reduced.
Also, the Central Bank of Jordan adopts a very controlled monetary policy. The supply of currency is kept limited, so that the price of JOD does not fall over time. Jordan’s economy may be small in size, but due to it being disciplined and stable, its currency always remains at a high value.
Why is the Indian Rupee weak?
The value of the Indian Rupee is much lower against the Jordanian Dinar, as the INR is a free-floating currency. Its rates vary depending on many factors like international trade, crude oil price, global economy and political stability. This is the reason why there are more fluctuations in the rupee and its value remains relatively weak.
Who controls the Jordanian dinar?
The entire currency system of Jordan is managed by the Central Bank of Jordan. Issuing bank notes, determining the supply of coins and making currency policies. Everything is under the control of this institute. Since its formation in 1964, Jordan has achieved continued success in keeping its currency strong and stable.
Jordanian notes and coins
All notes and coins in circulation in Jordan are printed and issued by the Central Bank. This control protects its currency from uncontrolled markets and keeps the JOD among the most stable currencies in the world.
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