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Adam's Official Chat 7/11/12

kcw

By kcw,
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Roadrunner Newbie

Roadrunner

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Kuwait Dinar = $3.555

Bahrain Dinar = $2.67

Jordan Dinar = $1.4127

Saudia Arabia riyal = $0.2667

Egypt pound = $0.1650

End Quote

Interesting to notice the value of the Jordan Dinar ...$1.4127... And I am not even sure Jordan has any oil.. Maybe a little ...But that exchange rate is pretty staggering imo...

As far as I know (not much I admit) Jordan is not supposed to be a particularly rich Country anyway.

The reason is that Jordan only has about 9.5 billion dinar in circulation. For a country of approx 6.5 million people, that is not much currency. If you compare that to Iraq, who has about 5 times as many people and about 3000 times as much currency in circulation, it is easy to see why Jordan's money is worth considerably more

Roadrunner

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umbertino Grand Master

umbertino

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The reason is that Jordan only has about 9.5 billion dinar in circulation. For a country of approx 6.5 million people, that is not much currency. If you compare that to Iraq, who has about 5 times as many people and about 3000 times as much currency in circulation, it is easy to see why Jordan's money is worth considerably more

Roadrunner

Thanks.. Appreciate the explanation.

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