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A 10-dinar note dated 1-6-1969 was issued on 2 January 1970. The last 1 ⁄ 2-dinar notes were dated 1973-10-15 whilst the last 1-dinar notes were dated 1980-10-15. 20-dinar notes dated 1980-10-15 were introduced on 26 December 1984. 30-dinar notes were issued between 1997 and 2011. 50-dinar notes dated 2008 were issued on 25 July 2009. [5]
However, the 1 and 2 centimes were not struck again, whilst the 5, 10 and 20 centimes were last struck in the 1980s. 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.
GDP per capita soared by more than 380% in the seventies (1970–1980: USD 280–1,369). But this proved unsustainable and it collapsed to a cumulative 10% growth in the turbulent eighties (1980–1990: USD 1,369–1,507), rising again to almost 50% cumulative growth in the nineties (1990–2000: USD 1,507–2,245), signifying the impact of successful diversification.
In December 1958 the newly created Tunisian dinar was disconnected from the French franc. The bank maintains a Money Museum which includes a collection of recovered Carthaginian coins. Tunisia had a historically low inflation. The Tunisian Dinar was less volatile in 2000–2010 than the currencies of its oil-importing neighbors, Egypt and Morocco.
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. As of April 2008, US$1 was equivalent to about DZD 64.6. [38]
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 .
It was equivalent to the French franc and was revalued in 1960 at a rate of 100 old francs = 1 new franc to maintain the equivalence. Thus, 1 old franc = 1 new centime, and prices popularly quoted in centimes are equivalent to old francs. The new franc was replaced at par by the dinar in 1964 following Algerian independence in 1962.
Reproduction of the first article of the original treaty, written in Ottoman Turkish, signed September 5, 1795 (21 Safar A.H. 1210).; [1] The United States federal government was to be annually charged the equivalent of 12,000 Algerian sequins [2] (i.e US dollars 21,600, 64,800 gold francs) to protect its trade from piracy.