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The dinar (Arabic: دينار جزائري, romanized: Dīnār Ǧazāʾirī; sign: DA; code: DZD) is the monetary currency of Algeria and it is subdivided into 100 centimes. Centimes are now obsolete due to their extremely low value.
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 .
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.
The weight of the dinar is 1 mithqal (4.25 grams or 0.137 troy ounces). The word dinar comes from the Latin word denarius, which was a silver coin. The name "dinar" is also used for Sasanid, Kushan, and Kidarite gold coins, though it is not known what the contemporary name was. The first dinars were issued by the Umayyad Caliphate. Under the ...
Much of the history of Algeria has taken place on the fertile coastal plain of North Africa, which is often called the Maghreb. North Africa served as a transit region for people moving towards Europe or the Middle East, thus, the region's inhabitants have been influenced by populations from other areas, including the Carthaginians , Romans ...
A History of Algeria is a book by James McDougall and published in 2017 by Cambridge University Press. The work is an overview of the history of Algeria from the sixteenth century until 2016. The work is an overview of the history of Algeria from the sixteenth century until 2016.
The Bank of Algeria introduced notes worth 10,000 francs and 5,000 francs in 1945 and 1946, respectively. In 1949, the Banque de l'Algérie et de la Tunisie commenced banknote issue, with denominations of 500, 1,000, 5,000 and 10,000 francs. The notes were overprinted with denominations of 5, 10, 50 and 100 new francs in 1960.
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