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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.
Algeria is a member of the Euro-Mediterranean Partnership. Algeria also receives funding under the Development Cooperation Instrument (DCI), under programmes such as the European Instrument for Democracy and Human Rights. [5] In total, these funds under the DCI were €5.5 million for 2015–2016. [5]
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 .
The souk didn't exist before the Husainid era (1705-1957), while other souks emerged under the Hafsid dynasty (1228-1537). [1] It was a tiny souk that stood between prayers of the afternoon and the sunset (third and fourth prayers of the day). [1]
Located at the crossroads of four streets, Souk El Berka takes a square shape and has three aisles separated by two rows of columns. [1] Formerly a wooden platform at the centre was the place where slaves were presented (that was the origin of the name berka) and waited for the outcome of the sale.
Metallic sign indicating Souk Es Sabbaghine. The souk is situated at the outskirts of the medina, far from the center where the Al-Zaytuna Mosque is situated, since dyeing is considered a polluting activity. The souk is a continuation of Souk El Blat and may also be accessed from Bab El Jazira.
The souk got its name from the International Finance Committee headquarters that was in 1869 in charge of managing the debt of the Tunisian regency before the French occupation in 1881. Location [ edit ]