JORDAN PAPER MONEY

From 1927 to 1950, the Palestine Currency Board issued the Palestine pound as the official currency in both Palestine and the Trans-Jordan Emirate. After Jordan became an independent kingdom on 25 May 1946, the idea of issuing a national currency arose and led to the passing of the Provisional Act No. 35 of 1949. Under this Act, the Jordan Currency Board was formed, which became the sole authority entitled to issue Jordanian currency in the kingdom. The London-based entity consisted of a president and four members. As of 1 July 1950, the Jordanian dinar became the kingdom’s official currency, and use of the Palestine pound ceased in the kingdom on 30 September 1950. Although issued by the Jordan Currency Board, the notes bear the name of The Hashemite Kingdom of the Jordan.

Until 1992, coins were denominated in Arabic using fils, qirsh, dirham and dinar but in English only in fils and dinar. Since 1992, the fils and dirham are no longer used in the Arabic denominations and the English denominations are given in dinar and either qirsh or piastres.

People started systematically collecting paper and plastic bank notes quite recently.
Although collecting of paper money was going on for a long time, but that was done only on a very small scale. Only in late 1950's paper money collecting became more of a global phenomenon. By 1920's paper money began to be issued by significantly more countries around the world and in early 1960's practically the whole world was using paper money for buy or sell transactions between people, businesses etc. As a result more and more people started collecting paper money as beautiful collectible items, for an investment or both. These days collecting world notes is growing very strong and very fast. There are millions of paper money collectors all over the world and every year new ones join in. Knowledge abounds with a multitude of general and specialized catalogues covering notes of all modern and no longer existing countries. Prices and value of collectible paper money grows steadily and better notes now bring much higher prices than before making an idea of investing in banknotes as well as collecting attractive.

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