Central Banking

JD1 coin to be replaced by new banknote in Jordan

JORDAN - The Central Bank of Jordan (CBJ) is expected to soon circulate new banknotes, to replace the current round JD1 coins, following numerous cases of counterfeit detected by security and financial authorities, a bank official said on Tuesday.

The official, who asked not to be named, said the CBJ will withdraw the JD1 coins from the market once the new notes are printed and ready for circulation.

The new notes will have a different design and bear the signatures of Finance Minister Michel

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