| Replaced currency | Algerian new franc |
|---|---|
| Local name lang | ar |
| Local name | دينار جزائري |
| Iso code | DZD |
| Date of introduction | 1 April 1964 |
| Using countries | Algeria Sahrawi Arab Democratic Republic[1] |
| Inflation rate | 4% |
| Inflation source date | The World Factbook, 2024 est. |
| Subunit ratio 1 | 1⁄100 |
| Subunit name 1 | centime (defunct) |
| Frequently used coins | 5, 10, 20, 50, 100, 200 DA |
| Frequently used banknotes | 500, 1000, 2000 DA[2] |
| Issuing authority | Bank of Algeria |
| Issuing authority website | www.bank-of-algeria.dz |
The dinar (Arabic: دينار جزائري, 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.
Etymology
The name "dinar" is ultimately derived from the Roman denarius.[3] The Arabic word santīm comes from the French "centime", since Algeria was under French occupation from 1830 to 1962.
History
The dinar was introduced on 1 April 1964, replacing the Algerian new franc at par.
Exchange rates
The official exchange rate set by the Bank of Algeria[when?]: Algerian Dinar to U.S. dollar is approximately 134 د.ج per 1 US dollar.
Algeria operates a managed exchange rate system alongside a large parallel foreign exchange market.
As of January 2026, official exchange rates published by the Bank of Algeria valued the euro at around 151 Algerian dinars and the US dollar at around 130 dinars, while parallel market rates observed in Algiers reached approximately 280 dinars per euro and 238 dinars per US dollar, indicating a substantial divergence between official and informal exchange valuations. [4]
Coins
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. The obverses showed the emblem of Algeria, while the reverses carried the values in Eastern 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 of , , 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).
Banknotes
The "first series" of dinar banknotes 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.
| Image | Value | Main Colour | Description | Date of | |||
|---|---|---|---|---|---|---|---|
| Obverse | Reverse | Obverse | Reverse | printing | issue | ||
| Third series[7] | |||||||
| 10 DA | Green | Diesel passenger train | Mountain village | 2 December 1983 | |||
| 20 DA | Red | Amphora and Arch | Handcrafts and tower | 2 January 1983 | |||
| 50 DA | Green | Shepherd with flock | Farmers on a tractor | 1 November 1977 | |||
| 100 DA | Blue | Village with minarets | Man working with plants | 1 November 1981 8 June 1982 | |||
| 200 DA | Brown | Place of the Martyrs, Algiers | Administration Tower of Constantine 1 University, one of the various bridges of Constantine | 23 March 1983 | |||
| Fourth series[8] | |||||||
| 100 DA | Blue | Charging Arab horse riders with sabres in a seal, and Algerian navy in a battle | Pre-colonial invasion: Battle of El Harrach (1775) victory of the Algerian horseriders over the invading Spanish. | 21 May 1992 | 1996 | ||
| 200 DA | Reddish Brown | Decorative Koranic motifs and symbols, mosque, olive and fig branches | Period Islam Introduced: Traditional Koranic school and Kalam | ||||
| 500 DA | Violet and pink | Numidian Period: Battle on elephants between Numidians and invading Romans | Romans fighting, a gasing in Tipaza, a hot waterfall in Hammam Debagh, Guelma Province (?) | 21 May 1992 10 June 1998 | 1996 2000 | ||
| 500 DA | Violet and pink | Globe, Alcomsat-1 (Algeria's first communication's satellite) | Satellite dishes, outline of Algeria, bridge | 1 November 2018 2018 | 2018 2018 | ||
| 1000 DA | Red and brown | Prehistory of Algeria: A buffalo, paintings at Tassili n'Ajjer | More paintings from the Tassili, and the Hoggar (?) | 21 May 1992 10 June 1998 | 1995 2000 | ||
| 1000 DA | Blue and red | Grand mosque of Algiers | Loom, teapot | 1 December 2018 2018 | 2018 2018 | ||
| 2000 DA | Purple and green | University professor lecturing students in amphitheatre, satellite, double-helix DNA strand, three researchers in scientific laboratory with microscope and beakers | Wheat, palm tree, body of water, urban high-rise buildings, olive tree | 24 January 2011 2011 | 2011 2011 | ||
| 2000 DA | Red, blue, and green | The historical leaders of the Front 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), and Larbi Ben M'Hidi (1923–1957)); Mountains | Royal Mausoleum of Batna | 5 July 2020 2020 | 2021 2021 | ||
| 2000 DA | green | Martyrs' Memorial, Algiers; map of Arab countries | Tassili N'Ajjer National Park; Great Mosque of Algiers | 2022 | November 2022 | ||
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 vertical holographic strip on obverse.
See also
References
- ^ Cohen, Robin & Hear, Nicholas Van (2019-12-06). Refugia: Radical Solutions to Mass Displacement. Routledge. p. 2008. ISBN 978-0-429-89254-7.
- ^ "BanknoteNews – Breaking news about international paper & polymer money.". Archived 3 October 2022 at the Wayback Machine. Retrieved 2 February 2021.
- ^ "Roman silver coins: denarius". monete-romane.com. Archived 22 September 2021 at the Wayback Machine. Retrieved 2 February 2021.
- ^ The real exchange rate of the Algerian Dinar to U.S. dollar on black market https://www.visa-algerie.com/algerie-leuro-a-t-il-trouve-sa-stabilite-autour-de-280-dinars/
- ^ "Bank of Algeria – Banque d'Algérie". 15 December 2004. Archived 15 December 2004 at the Wayback Machine.
- ^ "Bank of Algeria – Banque d'Algérie". 17 March 2008. Archived 17 March 2008 at the Wayback Machine.
- ^ "Bank of Algeria – Banque d'Algérie". 29 March 2008. Archived 29 March 2008 at the Wayback Machine.
- ^ "Bank of Algeria – Banque d'Algérie". 26 March 2008. Archived 26 March 2008 at the Wayback Machine.
- banknotenews.com Archived 3 October 2022 at the Wayback Machine
- Algerian Bank Regulations of 1996, for specifications of fourth series currency (French).