The Jordanian Dinar (1 JD = $1.41 / 1,22€) remains as the 4th highest valued currency despite current events (such as the war), although it’s pegged to the USD on maintaining stability. While it’s expected for most petro-states (like Oman, Bahrain or Kuwait) to have higher exchange rates because of their export (crude oil) but that’s not the case for Jordan.
They peg their currency to the USD, because of their economy’s reliance on petrodollar states. They’re a small economy, highly reliant on foreign trade and foreign investment, so setting the rate facilitates stable trade and investor confidence. The IMF sends them a bit of cash to help them balance their books, but mostly it’s just high levels of reserves and policy.
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