Countries that deal in dinars
The dinar is the official and circulated currency in seven Arab countries at the present time, and the following shows the most important information about the currency of each country:
Kuwait
The Kuwaiti dinar is the official and circulating currency in Kuwait since 1961 AD. When it was introduced for trading for the first time in the financial markets by the Central Bank of Kuwait; Which successively introduced six issues of the Kuwaiti currency, the last of which was in 2014 AD, and the banknotes were offered for circulation in the following denominations: (0.25, 0.5, 1, 5, 10, 20) dinars, and it should be noted that the Kuwaiti dinar is the strongest currency in the world; This is according to the statistics of the competent authorities in the year 2020 AD; Where one Kuwaiti dinar is equivalent to 3.24 US dollars.
Bahrain
The Bahraini dinar is the official currency of the State of Bahrain, and it is abbreviated by the symbol (BHD). One Bahraini dinar consists of 1,000 fils, and it was officially circulated for the first time in 1965 AD; When it replaced the Gulf rupee, the Bahraini dinar has four metal denominations: (1, 5, 10, and 20) fils. Banknotes were also offered in the Bahraini financial markets in the form of six denominations, namely: (5, 10, 25, 50, 100, 500) dinars, and it should be noted that the Bahraini dinar is considered one of the strong currencies globally; As it ranks second in the ranking of the most powerful global currencies in view of its exchange rate with the US dollar; This is at an exchange rate equal to 2.66 US dollars for one Bahraini dinar.
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The Jordanian dinar is the official currency used in Jordan, and one Jordanian dinar consists of 100 piasters or 1,000 fils. The Authority coins the following denominations: half a dinar, a quarter of a dinar, and (1, 5, 10, 20, and 50) fils. The ten most powerful currencies in the world; One Jordanian dinar equals 100 US dollars.
Iraq
Iraq deals officially in the Iraqi dinar; Which is divided into 1,000 fils per dinar, and the Central Bank of Iraq is the only entity currently responsible for issuing banknotes and coins in Iraq. Banknotes were offered in denominations ranging from 250 to 50,000 dinars. to the decrease in the purchasing power of the Iraqi dinar; Which caused the abandonment of dealing with coins after 1990 AD. As for the exchange rate of the Iraqi dinar against the dollar; One US dollar is equivalent to 1,138 Iraqi dinars; This is according to the exchange rates in 2020.
Tunisia
The Tunisian dinar is the official and circulated currency in Tunisia, and it is abbreviated by the symbol (DT) or (TND). One Tunisian dinar consists of 1,000 millimeters. The date of the adoption of the Tunisian dinar as the official currency in Tunisia dates back to 1960 AD; When it replaced the franc, which was the main currency before that, it should be noted that the Tunisian dinar is issued in the following paper denominations: (10, 20, 30, 50) dinars, and it is remarkable that the Tunisian dinar is not available outside Tunisia; As it is considered a closed local currency, and attempting to remove it outside Tunisia is a legal crime. Therefore, it is difficult to find the Tunisian dinar in the financial markets outside Tunisia. As for the exchange rate of the Tunisian dinar against the US dollar; One US dollar is equivalent to 2.87 Tunisian dinars; This is according to the exchange rates in 2020.
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The Algerian dinar represents the official currency used in Algeria, and it is abbreviated by the symbol (DZD), and one Algerian dinar consists of 100 centimes, and it was approved as the official national currency in 1964 AD, and the Central Bank of Algeria undertakes the task of issuing the national currencies of Algeria, and it issues the following paper denominations : (5, 10, 100) dinars, in addition to coins that were minted in the form of six denominations, namely: (1, 2, 5, 10, 20, 50) centimes. As for the exchange rate of the Algerian dinar against the US dollar; One US dollar is equivalent to 129.208 Algerian dinars; This is according to the exchange rates for the year 2020 AD.
Libya
The Libyan dinar is considered the official and circulating currency in Libya, and it is known by the symbol (LD), and one Libyan dinar consists of 1,000 dirhams or 100 piasters. The Central Bank of Libya is the authority responsible for issuing banknotes and coins in Libya. : (1, 5, 10, 20, 50) dinars, as for coins; It is issued in the form of: 50 dirhams, 100 dirhams, a quarter of a dinar, and a half of a dinar. It should be noted that the Libyan dinar was adopted as the official currency in Libya in 1971 AD; When it replaced the Libyan pound; which was the main currency before that; as for the exchange rate of the Libyan dinar against the US dollar; One US dollar is equivalent to 1.394 Libyan dinars; This is according to exchange rates in 2020.
Read also:What are the currencies of the GCC countries?Countries that deal in lira
The lira is the official and circulated currency in two of the Arab countries, and it is as follows:
Lebanon
Lebanon has dealt officially with the Lebanese pound since its declaration as the official currency in 1939 AD; When it replaced the Syrian pound, the Lebanese pound is known by the symbol (LBP), and it is divided into 100 piasters per pound. The National Bank of Lebanon is the official body responsible for issuing the Lebanese currency in its various denominations and types, whether banknotes or coins. Banknotes are issued in several categories, namely: (1, 5, 10, 25, 50, 100, 200) pounds, and banknotes have been issued in larger denominations for circulation over the years, namely: (1,000, 5,000, 10,000, 20,000, 50,000, 100,000) Lebanese pounds. exchange the Lebanese pound against the US dollar; One US dollar is equivalent to 1,500 Lebanese pounds; This is according to currency exchange rates in the year 2020.
Syria
The Syrian pound is considered the official and circulating currency in Syria, and one pound consists of 100 piasters, and it is known as the symbol (SYP), and it is also symbolized by the symbol (LS) or (S£). The lira is issued in the following paper denominations: (50, 100, 200, 500, 1000, 2000) pounds. It should be noted that the current political situation in Syria has led to a clear deterioration in the value of the Syrian pound. As for the exchange rate of the Syrian pound against the US dollar; One US dollar is equivalent to 1,256 Syrian pounds; According to the currency exchange rates in 2020.
Countries that deal in dirhams
The dirham is the official and circulating currency in two of the Arab countries, and it is as follows:
United Arab Emirates
The UAE deals officially in the UAE dirham; Which is known as the universal symbol (AED), and is abbreviated as (Dhs) or (DH), and dates back to the date of adoption of the UAE dirham; As the official national currency in the Emirates until 1973 AD, when it replaced the Qatari riyal and the Dubai riyal, and one Emirati dirham consists of 100 fils, and the Central Bank of the UAE is the authority responsible for issuing banknotes from it; Note that the UAE dirham paper money denominations are available in the following denominations: (5, 10, 20, 50, 100, 200, 500, 1000) dirhams, and the one-dirham denomination was issued in coins only, as for the exchange rate of the UAE dirham against the dollar the American; One US dollar is equivalent to 3.673 UAE dirhams; According to the currency exchange rates in 2020.
Maghrib
The Moroccan dirham is considered the official and circulated currency in Morocco, and it is symbolized by the symbol (Dh), and one Moroccan dirham consists of 100 centimes, and the Moroccan currency is available in the form of banknotes with a value of: (20, 50, 100, 200) dirhams, and it is also issued in the form of coins With a value of: (1, 2, 5, 10) dirhams, and the Moroccan currency is distinguished as a restricted local currency; As it is not allowed to take it out of the country and it is not available outside Morocco, in addition to being a stable currency far from large fluctuations in exchange rates; As one US dollar is equivalent to about 9.7 Moroccan dirhams.
Countries that deal in riyals
The riyal is the official and circulating currency in four Arab countries, and it is as follows:
Saudi Arabia
The Saudi riyal is the official and circulating currency in Saudi Arabia, and it is abbreviated by the symbol (SAR), and one Saudi riyal consists of 100 halalas, and the Saudi Arabian Monetary Agency is the only entity responsible for monetary policies in Saudi Arabia, and the Saudi currency is issued in seven metal categories; This is according to the issuance of the sixth and final cash, which are: (1, 5, 10, 25, and 50) halalas in addition to the denominations of one riyal and 2 riyals. As for banknotes, they are offered in the Saudi financial markets in the form of five paper denominations, namely: (5, 10). , 50, 100, 500) riyals, and it should be noted that the Saudi riyal is pegged to the US dollar, at a semi-fixed exchange rate of 3.75 Saudi riyals for one US dollar.
Amman
The Omani Rial is the official and circulating currency in the Sultanate of Oman, and it is referred to as (RO), and one Rial Omani consists of 1,000 baisas. Cash in the value of: (5, 10, 25, 50, 0.5, 1) riyals, and it should be noted that the Omani government resorted to offering paper denominations with a low value such as half a riyal; Because of the high purchasing power of the Omani riyal; Which is one of the ten most powerful currencies in the world; Where one Omani riyal is equal to about 5 US dollars, and it rarely witnesses fluctuations in the exchange rate.
Qatar
The Qatari riyal is the official and circulating currency in the State of Qatar, and it is referred to as the symbol (QAR). One Qatari riyal consists of 100 dirhams. It should be noted that the Qatari riyal is pegged to the US dollar at a fixed exchange rate of 1 Qatari riyals to one US dollar.
Yemen
The Yemeni riyal represents the official national currency in Yemen, and it is abbreviated by the symbol (YR). One Yemeni riyal consists of 100 fils. Cash in the amount of: (1, 2, 5, 10, 50, 100) riyals, as for the exchange rate of the Yemeni riyal against the US dollar; One US dollar is equivalent to 200 Yemeni riyals; This is according to the exchange rates in 250.
Countries that deal in pounds
The pound is the official and circulating currency in two of the Arab countries, and it is as follows:
Egypt
The Egyptian pound is the official and circulating currency in Egypt, and it is abbreviated by the symbol (LE), and one Egyptian pound consists of 100 piasters, and small denominations are available in the form of coins and paper; They are (25, and 50) piasters, in addition to the fact that the Egyptian paper currency is issued in the following denominations: (1, 5, 10, 20, 50, 100, 200) pounds. As for the exchange rate of the Egyptian pound against the US dollar; One US dollar is equivalent to 16.148 Egyptian pounds; This is according to exchange rates in 2020.
Sudan
The Sudanese pound is considered the official, national and circulating currency in Sudan, and one pound consists of 100 piasters, and is abbreviated by the symbol (SDP). The Sudanese currency is available in the following metal denominations: (1, 5, 10, 20, 50) piasters in addition to the one-pound denomination. As for its paper denominations, they are: (1) pounds, as for the exchange rate of the Sudanese pound against the US dollar; One US dollar is equivalent to 2 Sudanese pounds, according to exchange rates in 5.
Countries that deal in francs
The franc is the official and circulating currency in two of the Arab countries, and it is as follows:
جيبوتي
The official currency circulating in Djibouti is known as the Djiboutian franc, and is symbolized by the symbol (DJF), and it is offered in various denominations and types of metal and paper by the Central Bank of Djibouti. 1, 2, 5) Djiboutian francs, and print banknotes in the form of the following denominations: (10, 20, 50, 100) francs, and it should be noted that the Djiboutian franc is linked to the US dollar at a semi-fixed exchange rate, which is: 250 Djiboutian pounds per American dollar.
جزر القمر
The official currency circulating in the Comoros is called the Comorian franc, abbreviated by the symbol (KMF), and one Comorian franc consists of 100 centimes, bearing in mind that it was never put into circulation due to its small value, and the Comorian franc is currently available in the form of paper denominations with a value of: (500 , 1,000, 2,000, 5,000, 10,00) Comorian francs, as well as in the form of coins with a value of: (1, 2, 5, 10, 20) Comorian francs, as well as a denomination of 20 centimes, and it should be noted that the Comorian franc is linked to the euro.
Countries that deal in other currencies
Occupied Palestine
It can be said that there is no official national currency for the State of Palestine at the present time; This is because it is under occupation. Therefore, the Palestinians are forced to use the currency of the occupied entity (the shekel) or the currency of the neighboring country (the Jordanian dinar). As for the currency used before the occupation, it was the Palestinian pound, and it is the only currency that the Palestinians recognize as their national currency, and it remained in circulation until the end of the year 1948 AD.
الصومال
The official and circulated currency in Somalia is called the Somali shilling, and it has been approved as an official currency since 1921 AD, and it is abbreviated by the symbol (SOS), and one Somali shilling consists of 100 cents. Finance in Somalia, and coins come in the following denominations: (1, 5, 10, 20, 50, 100) cents, while banknotes are issued in the form of the following denominations: (5, 10, 20, 50) shillings, as for the price of exchange the Somali currency against the US dollar; One US dollar is equivalent to 100 Somali shillings; This is according to the exchange rates for the year 582.048 AD.
موريتانيا
The official and circulating currency in Mauritania is called the Mauritanian ouguiya, abbreviated by the symbol (MRO), and the Mauritanian ouguiya is divided into a sub-unit called one-fifth. , 100) ounces, as well as in the form of coins with a value of: (200, 500, 1,000, 2,000, 5,000) ounces, as for the exchange rate of the Mauritanian currency against the US dollar; One US dollar is equivalent to 1 Mauritanian ouguiyas; This is according to the exchange rate for the year 5 AD
