Convert your NGN to JOD
NGN to JOD Comparison Table
| Feature | NGN (Nigerian Naira) | JOD (Jordanian Dinar) |
|---|---|---|
| Currency Code | NGN | JOD |
| Symbol | ₦ | دينار |
| Issuing Authority | Central Bank of Nigeria | Central Bank of Jordan |
| Economic Strength | Developing, resource-based economy | Developing, service-based economy |
| Exchange Rate Volatility | High | Relatively stable |
| Popular Use Cases | Domestic transactions, remittances | Domestic and international transactions |
| Digital Payment Adoption | Growing adoption, mobile money prominent | Increasing adoption |
| Inflation Rate | Historically high | Relatively low |
| Interest Rates | High | Lower than Nigeria |
| Foreign Exchange Reserves | Moderate | Adequate |
| Foreign Direct Investment (FDI) | Increasing, resource-focused | Increasing, various sectors |
Key Observations:
- The NGN is a currency of a developing economy with high volatility, while the JOD is from a developing, service-based economy with relative stability.
- Jordan has a more advanced digital payment infrastructure compared to Nigeria.
- The interest rate differential between the two countries is significant.
Related Currency Pairings
| African Currencies | Asian Currencies |
| NGN to MWK NGN to MZN NGN to NAD NGN to RWF | NGN to JPY NGN to JOD NGN to KGS NGN to KHR |
| European Currencies | Oceania Currencies |
| NGN to HUF NGN to MDL NGN to MKD NGN to PLN | NGN to GTQ NGN to GYD NGN to HNL NGN to JMD |
ordanian Dinar
- Stable Currency: The Jordanian Dinar is renowned for its stability, making it one of the strongest currencies in the region.
- Pegged to the US Dollar: To maintain stability, the Dinar is pegged to the US Dollar, providing a solid foundation for the Jordanian economy.
- Central Bank Control: The Central Bank of Jordan oversees the issuance and management of the Dinar, ensuring its stability and value.
- Tourism and Remittances: Jordan’s tourism industry and remittances from Jordanians abroad contribute to the Dinar’s strength.
- Subdivision: Divided into 100 piasters or 1000 fils, but these smaller units are rarely used in practice.
- Cash and Digital Payments: While cash remains prevalent, Jordan is gradually adopting digital payment methods.
- Currency Code: JOD is the official currency code for the Jordanian Dinar, used in international financial transactions.
Top 3 Largest Banks in Nigeria and Jordan for Naira and (by Asset Size)
| Country | Bank Name | City |
|---|---|---|
| Nigeria | Access Bank Plc | Lagos |
| Nigeria | United Bank for Africa (UBA) | Lagos |
| Nigeria | Zenith Bank Plc | Lagos |
| Jordan | Arab Bank | Amman |
| Jordan | Bank al Etihad | Amman |
| Jordan | Jordan Ahli Bank (Ahli Bank) | Amman |