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Algeria's currency is the Algerian dinar (DZD). The dinar is loosely linked to the U.S. dollar in a managed float. Algeria's main export, crude oil, is priced in dollars, while most of Algeria's imports are priced in euros. Therefore, the government endeavors to manage fluctuations in the value of the dinar.
In 1992, a new series of coins was introduced consisting of 1 ⁄ 4, 1 ⁄ 2, 1, 2, 5, 10, 20, 50 and 100 dinars. A 200 dinar bi-metallic coin was issued in 2012 to commemorate Algeria's 50th anniversary of independence. [citation needed] The 10, 20, 50, 100, and 200 dinar coins are bimetallic. Coins in general circulation are 5 dinars and higher.
The Banque de l'Algérie introduced its first notes in 1861. Denominations of 5, 10, 50, 100, 500 and 1,000 francs were introduced by 1873 although the 10-franc note was issued only in 1871. Denominations of 5, 10, 50, 100, 500 and 1,000 francs were introduced by 1873 although the 10-franc note was issued only in 1871.
The dinar (/ d ɪ ˈ n ɑː r /) is the name of the principal currency unit in several countries near the Mediterranean Sea, with a more widespread historical use. The English word "dinar" is the transliteration of the Arabic دينار ( dīnār ), which was borrowed via the Syriac dīnarā from the Latin dēnārius .
Pricing and availability subject to change. Heisman Trophy history: Full list of winners for college football’s top award by year. Elizabeth Flores, USA TODAY. Updated December 14, 2024 at 2:20 PM.
It was established following Algerian independence in 1962 by Seghir Mostefai, expert for the "Exécutif provisoire" and member of the Algerian delegation at Evian negotiations, to take over the former activities in the country of the Banque de l'Algérie, the colonial central bank of French Algeria.
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