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Algerian dinar

From Wikipedia, the free encyclopedia
Currency of Algeria

Algerian dinar
دينار جزائري (Arabic)
ISO 4217
CodeDZD (numeric: 012)
Subunit0.01
Unit
Symbolد.ج‎ (Arabic), DA (Latin)
Denominations
Subunit
1100centime (defunct)
Banknotes
 Freq. used500, 1000, 2000 DA[1]
Coins
 Freq. used5, 10, 20, 50, 100, 200 DA
 Rarely used1, 2 DA
Demographics
Date of introduction1 April 1964
ReplacedAlgerian new franc
User(s) Algeria
 Sahrawi Republic[2]
Issuance
Central bankBank of Algeria
 Websitewww.bank-of-algeria.dz
Valuation
Inflation4%
 SourceThe World Factbook, 2024 est.

Thedinar (Arabic:دينار جزائري,romanizedDīnār Ǧazāʾirī;sign:DA;code:DZD) is the monetary currency ofAlgeria and it is subdivided into 100centimes. Centimes are now obsolete due to their extremely low value.

Etymology

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The name "dinar" is ultimately derived from theRomandenarius.[3] The Arabic wordsantīm comes from the French "centime", sinceAlgeria was under French occupation from1830 to1962.

History

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The dinar was introduced on 1 April 1964, replacing theAlgerian new franc at par.

Exchange rates

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The official exchange rate set by theBank of Algeria[when?]: Algerian Dinar to U.S. dollar is approximately 134 د.ج per 1 US dollar.[4]

Coins

[edit]

In 1964, coins in denominations of 1, 2, 5, 10, 20 and 50 centimes, and 1 dinar were introduced, with the 1, 2 and 5 centimes struck in aluminium, the 10, 20 and 50 centimes in aluminium bronze and the 1 dinar in cupro-nickel. Theobverses showed theemblem of Algeria, while the reverses carried the values inEastern Arabic numerals. In later decades, coins were issued sporadically with various commemorative subjects. 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 of14,12, 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. Following the massive inflation which accompanied the slow transition to a more capitalist economy during the late 1990s, the centime and fractional dinar coins have dropped out of general circulation, whilst the 1 and 2 dinar coins are rarely used, as prices are rounded to the nearest 5 dinars.[5] Nonetheless, prices are typically quoted in centimes in colloquial speech; thus a price of 100 dinars is read as "ten thousand" (عشر الاف).

  • 2 centimes, minted in 1964
    2 centimes, minted in 1964
  • 5 centimes, minted in 1974
    5 centimes, minted in 1974
  • 10 centimes, minted in 1984, a palm tree
    10 centimes, minted in 1984, apalm tree
  • 20 centimes, minted in 1972, an overflowing cornucopia depicting the theme of agricultural revolution
    20 centimes, minted in 1972, an overflowingcornucopia depicting the theme of agricultural revolution
  • 20 centimes, minted in 1975, a ram(?)
    20 centimes, minted in 1975, aram(?)
  • 50 centimes, minted in 1975, "The 30th remembering" in Arabic and commemorating the French Algerian Clash
    50 centimes, minted in 1975, "The 30th remembering" inArabic and commemorating the French Algerian Clash
  • 1 dinar, minted in 1972, wheat, two hands (peace), and a tractor in foreground
    1 dinar, minted in 1972, wheat, two hands (peace), and atractor in foreground
  • 5 dinar, minted in 1972, Wheat and a petroleum-extractor in the background and commemorating the 10th anniversary of independence
    5 dinar, minted in 1972,Wheat and apetroleum-extractor in the background and commemorating the 10th anniversary of independence
  • 5 dinar, minted in 1974, an Algerian soldier and commemorating the 20th anniversary of the Revolution
    5 dinar, minted in 1974, anAlgerian soldier and commemorating the 20th anniversary of the Revolution
  • 10 dinar, minted since 1979, "Bank of Algeria" in Arabic
    10 dinar, minted since 1979, "Bank of Algeria" inArabic
  • Current 20 and 50 dinar and obsolete 5 and 10 dinar coins
    Current 20 and 50 dinar and obsolete 5 and 10 dinar coins

Banknotes

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The"first series" of dinarbanknotes issued in 1964 consisted of banknotes in denominations of 5, 10, 50 and 100 dinars.[6] In 1970, 500 dinar banknotes were added, followed by 1000 dinars in 1992.

ImageValueMain ColourDescriptionDate of
ObverseReverseObverseReverseprintingissue
Third series[7]
10 DAGreenDiesel passenger trainMountain village2 December 1983
20 DARedAmphora and ArchHandcrafts and tower2 January 1983
50 DAGreenShepherd with flockFarmers on a tractor1 November 1977
100 DABlueVillage with minaretsMan working with plants1 November 1981
8 June 1982
200 DABrownPlace of the Martyrs,AlgiersAdministration Tower ofConstantine 1 University, one of the variousbridges ofConstantine23 March 1983
Fourth series[8]
100 DABlueCharging Arab horse riders with sabres in aseal, and Algerian navy in a battlePre-colonial invasion:Battle of El Harrach (1775) victory of the Algerian horseriders over the invading Spanish.21 May 19921996
200 DAReddish BrownDecorative Koranic motifs and symbols,mosque, olive and fig branchesPeriodIslam Introduced: Traditional Koranic school andKalam
500 DAViolet and pinkNumidian Period: Battle onelephants between Numidians and invadingRomansRomans fighting, a gasing inTipaza, a hot waterfall inHammam Debagh,Guelma Province (?)21 May 1992
10 June 1998
1996
2000
500 DAViolet and pinkGlobe,Alcomsat-1 (Algeria's first communication's satellite)Satellite dishes, outline of Algeria, bridge1 November 2018
2018
2018
2018
1000 DARed and brownPrehistory of Algeria: A buffalo, paintings atTassili n'AjjerMore paintings from the Tassili, and theHoggar (?)21 May 1992
10 June 1998
1995
2000
1000 DABlue and redGrand mosque of AlgiersLoom, teapot1 December 2018
2018
2018
2018
2000 DAPurple and greenUniversity professor lecturing students in amphitheatre, satellite, double-helix DNA strand, three researchers in scientific laboratory with microscope and beakersWheat, palm tree, body of water, urban high-rise buildings, olive tree24 January 2011
2011
2011
2011
2000 DARed, blue, and greenThe historical leaders of theFront de libération nationale (FLN) (Rabah Bitat (1925–2000),Mostefa Ben Boulaïd (1917–1956),Didouche Mourad (1927–1955),Mohammed Boudiaf (1919–1992),Krim Belkacem (1922–1970), andLarbi Ben M'Hidi (1923–1957)); MountainsRoyal Mausoleum of Batna5 July 2020
2020
2021
2021
2000 DAgreenMartyrs' Memorial,Algiers;map of Arab countriesTassili N'Ajjer National Park;Great Mosque of Algiers2022November 2022
For table standards, see thebanknote specification table.

The 100 dinar note is being replaced by coins. 200, 500, and 1000 dinar notes are in circulation. The 1998 dated 500 and 1000 dinar notes have an additional verticalholographic strip on obverse.

Current DZD exchange rates
FromGoogle Finance:AUDCADCHFCNYEURGBPHKDJPYUSDTRYEURJPY
FromYahoo! Finance:AUDCADCHFCNYEURGBPHKDJPYUSDTRYEURJPY
FromXE.com:AUDCADCHFCNYEURGBPHKDJPYUSDTRYEURJPY
From OANDA:AUDCADCHFCNYEURGBPHKDJPYUSDTRYEURJPY

See also

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References

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  1. ^"BanknoteNews – Breaking news about international paper & polymer money". Archived fromthe original on 3 October 2022. Retrieved2 February 2021.
  2. ^Cohen, Robin; Hear, Nicholas Van (6 December 2019).Refugia: Radical Solutions to Mass Displacement. Routledge. p. 2008.ISBN 978-0-429-89254-7.
  3. ^"Roman silver coins: denarius".monete-romane.com.Archived from the original on 22 September 2021. Retrieved2 February 2021.
  4. ^The real exchange rate of the Algerian Dinar to U.S. dollar on black markethttps://usd.currencyrate.today/dzdArchived 24 November 2022 at theWayback Machine
  5. ^"Bank of Algeria – Banque d'Algérie". 15 December 2004. Archived fromthe original on 15 December 2004.
  6. ^"Bank of Algeria – Banque d'Algérie". 17 March 2008. Archived fromthe original on 17 March 2008.
  7. ^"Bank of Algeria – Banque d'Algérie". 29 March 2008. Archived fromthe original on 29 March 2008.
  8. ^"Bank of Algeria – Banque d'Algérie". 26 March 2008. Archived fromthe original on 26 March 2008.
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