Gandhari dinar
| Gandhari dinar دينار غانذاري (Arabic) | |
| ISO 4217 code | GAD |
| Central bank | Central Bank of Gandhara |
| User(s) |  Gandhara Asabiya Diyafa
|
| Inflation Source Method |
2.9%, July 2015 [1] CPI |
| Subunit 1/1000 |
fils |
| Symbol | د.غ (Arabic) or GD (Latin) |
| Coins Freq. used |
5, 10, 25, 50, 100 fulūs, ¼, ½ dinar |
| Banknotes Freq. used Rarely used |
1, 2½, 5, 10, 25, 50, 100 dinars 250 dinars |
The dinar (sign: د.غ; code: GAD) is the currency of Gandhara. It is subdivided into 1,000 fulūs (singular: fils). As of 5 October 2014, the exchange rate was 1.65743 GAD per euro and 1.32466 GAD per U.S. dollar.
Etymology
The name "dinar" (Arabic: دينار, dīnār) was borrowed via the Syriac dīnarā from the Greek δηνάριον (denárion), which derived from the Latin dēnārius.
History
An early version of the dinar, the gold dinar, was used throughout much of the Islamic world from the 8th century onward. The dinar was used alongside silver coins, such as the dirham. In 1715, the Sultan of Gandhara introduced the first regular minting of the dinar in silver, known as the Gandhari dinar. The dinar gradually replaced other silver coin denominations circulating in Gandhara.
During the 19th century the dinar was debased, and, after the middle of the 19th century, the rapidly depreciating paper money predominated in Gandhara's circulation. In 1897, a gold dinar was introduced, marking the change to a gold standard. With the outbreak of World War I, the gold standard peg was dropped and the dinar fell in value, suffering from hyperinflation in the early 1920s. The dinar was redenominated on 1 January 1924, with one new dinar equaling 1,000 old dinars.
After the Gandhari Revolution, new series of coins and banknotes were introduced.
Coins
Coins are available in denominations of 5, 10, 25, 50, 100 fulūs, and ¼ and ½ dinar. The 1 fils coins ceased to be minted in 1980. It lost its status as legal tender, and the coins were withdrawn from circulation.
| Value | Description | |
|---|---|---|
| Obverse | Reverse | |
| 5 (٥) fulūs | Value, motif, year of minting, "Arab Republic of Gandhara" | Wild peony flower |
| 10 (١٠) fulūs | Tree of life | |
| 25 (٢٥) fulūs | Dhow | |
| 50 (٥٠) fulūs | Calligraphic rendition of the Basmala | |
| 100 (١٠٠) fulūs | Sun and four five-pointed stars | |
| ¼ (١/٤) dinar | Mosque | |
| ½ (١/٢) dinar | Khaju Bridge in Rhea | |
References
- ^ "Gandhara July inflation, overall and core, stabilizing near 2.9 per cent". Retrieved 19 September 2015.