Make Payments and Receive Payments in JOD - Jordanian Dinar
Pay in Jordanian Dinars (JOD)
Mondial Change allows you to make international payments in JOD (Jordanian Dinar) with ease. Manage your Jordanian Dinar beneficiaries, track your transactions in real-time, and enjoy a secure online platform. We do not apply any exchange commission on your JOD operations (a spread is applied on the exchange rate, which slightly degrades the interbank rate on the currency pair traded). Your client rate is always communicated transparently before the validation of each of your transactions.
Receive Payments in Jordanian Dinar (JOD)
Mondial Change allows you to receive payments in JOD (Jordanian Dinar). Payments in JOD are received in an account in your name with a dedicated IBAN. This JOD account with a nominative IBAN is provided to you free of charge. It allows you to receive JOD payments from your clients or subsidiaries and also to hold Jordanian Dinars. The JOD can be reused to make payments in JOD. The JOD can also be converted into EUR or any other currency of your choice and repatriated to your bank account. The Jordanian Dinar (JOD) account can be located in France or other countries (see possible locations).
Do you want to hedge your exchange rate risk on the Jordanian Dinar (JOD)? Check our dedicated page for JOD currency hedging.
Mondial Change Answers All Your Questions About Payments in Jordanian Dinars (JOD)
What is the timeframe for a JOD payment to be credited to the beneficiary's account?
It generally takes between 1 and 2 business days for a Jordanian Dinar transfer to be credited to the beneficiary's account. However, please note that these timeframes are not contractual, and our partners responsible for the execution and routing of payments cannot be held liable if JOD payments are credited beyond 2 business days to the beneficiary's account.
What are the fees for a payment in Jordanian Dinar (JOD)?
The fees applied to transfers in Jordanian Dinar (JOD) generally range from 0 to 10 euros, depending on the agreement with Mondial Change's trading desk. The rate primarily depends on your annual JOD exchange volume and the number of Jordanian Dinar payments made during the year.
Are there minimum or maximum amounts for payments in Jordanian Dinar (JOD)?
Mondial Change and its partners verify that your Jordanian Dinar flows are consistent with the data declared during account opening and align with your business volume to ensure compliance and security. If there are restrictions on transaction volumes, they will be communicated to you well in advance of the validation of your operations.
What are the specific rules for executing a payment in Jordanian Dinar (JOD)?
For JOD payments via the SWIFT network, you simply need to provide the following information:
• Full name of the beneficiary
• IBAN
Is it possible to modify a payment in Jordanian Dinar (JOD) after it has been executed?
Yes, it is possible with some of our partners to modify a payment in Jordanian Dinar (JOD) even after it has been sent in SWIFT. If you have, for example, made an error in the beneficiary's name or account number, the correction is made through a SWIFT amendment. If the payment was not executed via the SWIFT network, then such amendments are not possible, and you must wait for the payment to be returned if applicable.
Is the Jordanian Dinar (JOD) account provided to you a bank account, and is it nominative?
The Jordanian Dinar (JOD) account for which we provide you with the details is not a bank account per se because the account holder is not a bank but a partner payment institution. These accounts are labeled in your name, and the IBAN associated with the account is unique. You thus have a guarantee of segregation of your funds in the books of our partners. The security guarantees for your funds are similar to those offered by traditional banks. The account can be located in different countries according to your operational needs. Please consult the page related to opening a Jordanian Dinar (JOD) account for more information.
Is it possible to hold Jordanian Dinars (JOD) in the JOD account provided to you?
You can use this Jordanian Dinar (JOD) account to receive or store Jordanian Dinars. The funds can then be reused to make payments in Jordanian Dinar or converted into other currencies. The account is also compatible for receiving JOD payments from e-commerce platforms like Amazon or payment systems like Adyen or Stripe.
What are the public holidays when payments in Jordanian Dinar (JOD) cannot be executed?
January 1st: New Year’s Day
January 30th: King’s Birthday
February 7th: Accession Day
Variable Date: Eid al-Fitr (end of Ramadan)
May 1st: Labour Day
May 25th: Independence Day
June 10th: Army Day
Variable Date: Eid al-Adha (Festival of Sacrifice)
Variable Date: Hijri New Year
Variable Date: Mawlid (Birth of Prophet Mohammed)
December 25th: Christmas Day
History of the Jordanian Dinar
The Jordanian Dinar (JOD) is the official currency of Jordan, a country located in the Middle East. The Jordanian Dinar has been used since 1950, succeeding the former Jordanian currency, the Palestine Pound. The Jordanian Dinar is divided into 10 dirhams, which are further subdivided into 100 qirsh. This currency derives its name from the word "dinar," a monetary unit that has been used in many regions of the world throughout history. The Jordanian Dinar is issued by the Central Bank of Jordan, which is responsible for the country's monetary policy. This currency is widely accepted and used in Jordan for daily transactions, trade exchanges, and tourism.
Monetary Policy of the Jordanian Dinar
The monetary policy of the Jordanian Dinar (JOD) is managed by the Central Bank of Jordan. The main objective of the central bank is to maintain price stability and promote sustainable economic growth in Jordan. To achieve these goals, the Central Bank of Jordan uses various monetary policy instruments, including the key interest rate. This rate is adjusted based on changes in inflation, credit demand, and other economic indicators. The Central Bank of Jordan also intervenes in the foreign exchange market to maintain the stability of the Jordanian Dinar against other currencies. It closely monitors economic and financial indicators to make informed decisions regarding monetary policy. The monetary policy of the Jordanian Dinar aims to ensure financial stability, promote investment, and foster the country's economic development.
Characteristics of the Jordanian Dinar
The Jordanian Dinar (JOD) has certain characteristics that make it unique. Firstly, the Jordanian Dinar is the only legal tender in Jordan and is exclusively used in the country. It is divided into sub-units such as the dirham and the qirsh. Banknotes of the dinar are issued in various denominations, ranging from 1 JOD to 50 JOD, while coins are available in 1 JOD and smaller fractions. Additionally, the Jordanian Dinar is appreciated for its stability and its role in maintaining economic confidence in Jordan. It is widely accepted in businesses, tourist establishments, and financial institutions in the country. These characteristics make the Jordanian Dinar a distinctive currency, representing Jordan's economy and identity.