Dinar Exchange Rate History

One of the more fascinating currencies is called the Dinar, which is also a currency that many people do not understand. The reason is that the Dinar is actually a currency used in many countries. However, when looking at the gold Dinar, this coin has a long history, one that dates back to Islam in the early days. The gold Dinar was also the currency that lasted for a long time, being issued by numerous rulers.

Then for the Islamic gold Dinar, this currency was actually connected to the revival of the currency in coin form, which was referred to as a “unit of account”, which is unique from other currencies addressed further in this article. The name of this currency, Dinar, is Arabic but derived from a Greek word that translates to “give”. In addition, this
Greek word is where the name of the first Roman coin came from known as the Denarius. Today, the Dinar is still used in some countries that are an Arabic or Arabic-influenced.

Of course, depending on the country using the Dinar, the design, as well as the code would vary. The following are the individual countries that still use the Dinar as the primary currency, along with the official name for that country and the ISP code.

• Algeria – Algerian Dinar – DZD
• Bahrain – Bahraini Dinar – BHD
• Iraq – Iraqi Dinar – IQD
• Jordan – Jordanian Dinar – JOD
• Kuwait – Kuwaiti Dinar – KWD
• Libya – Libyan Dinar – LYD
• Republic of Macedonia – Macedonian Dinar – MKD
• Serbia – Serbian Dinar – RSD
• Tunisia – Tunisian Dinar – TND

Along with the list above of countries that continue to use the Dinar, many others have stopped using it. In addition, the gold Dinar associated with King Offa of Mercia who reigned from 757 to 796 and the Abbasid Caliphate Dinar from 774. Interestingly, the minter who was hired to produce the currency made major mistakes in the design in that he had no knowledge of Arabic.

The countries that at one time used the Dinar but no longer do include the following:

• Abu Dhabi
• Bosnia
• Croatia
• Herzegovina
• Iran
• Republic of Serbian Krajina
• Republika Srpska
• South Yemen
• Sudan
• Yugoslavia

Related posts:

  1. British Pound Sterling Exchange Rate History