Currency Arabic is a term used to describe the monetary system of many Arab countries. The most common currency in the Arab world is the DINAR, which is a five-letter word. The DINAR is the official currency of several countries, including Iraq, Jordan, Kuwait, Libya, and Tunisia. It is also used in some other countries, such as Algeria, Bahrain, and Morocco. The DINAR is divided into smaller denominations, such as the Fils and Dirham.