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Dinar

   Also found in: Dictionary/thesaurus, Acronyms, Wikipedia 0.01 sec.
dinar
1. the standard monetary unit of the following countries or territories. Algeria: divided into 100 centimes. Bahrain: divided into 1000 fils. Iraq: divided into 1000 fils. Jordan: divided into 1000 fils. Kuwait: divided into 1000 fils. Libya: divided into 1000 dirhams. Serbia: divided into 100 paras (formerly the standard monetary unit of Yugoslavia). Sudan, Tunisia: divided into 1000 millimes.
2. a monetary unit of the United Arab Emirates worth one tenth of a dirham
3. a coin, esp one of gold, formerly used in the Middle East

Dinar 

(1) The Arab dinar, the most widespread gold coin of the past in countries of the Muslim East; it first began to be minted in the seventh century A.D. and contained about 2.4 g of gold.

(2) A monetary unit of Jordan, equal to 1,000 fils. Introduced in July 1950. Gold content equals 2.48828 g of pure gold. Its par exchange value with the US dollar as of Jan. 1, 1971, was 0.357143, and with the pound sterling it was 0.857143.

(3) A monetary unit of Iraq, equal to 1,000 fils. Introduced in April 1932. Gold content equals 2.48828 g of pure gold. Its par exchange value with the US dollar as of Jan. 1, 1971, was 0.357143, and with the pound sterling it was 0.857143. The exchange rate set by the Gosbank (State Bank) of the USSR as of Jan. 1, 1972, was 2.52 rubles for 1 Iraqi dinar.

(4) A change coin of Iran, equal to 1/100 of a rial.

(5) A monetary unit of Yugoslavia, equal to 100 paras. The gold content of the dinar (new) is 0.0481478 g of pure gold. The exchange rate of Gosbank as of Jan. 1, 1972, was 4.88 rubles for 100 dinars.

(6) A monetary unit of Tunisia, equal to 1,000 millimes. Introduced in November 1958. It has a gold content of 1.69271 g of pure gold. The exchange rate of Gosbank as of Jan. 1, 1972, was 1 dinar for 1.71 rubles.

(7) A monetary unit of Kuwait. Introduced in April 1961 as a replacement for the Indian rupee. One Kuwaiti dinar is equal to 10 dirhams or 1,000 fils. Its gold content is 2.48828 g of pure gold. Its par exchange value with the US dollar as of Jan. 1, 1971, was 0.357143.



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He pointed that this decision helped in saving some of the banks from bankruptcy and motivated citizens to invest in Jordanian Dinar.
AaAs Iraq becomes more and more stable, more Iraqis, Arabs and foreigners are looking at the Dinar as one of the most promising currency to trade.
 
 
 
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