Algerian dinar
dinar | |
---|---|
Country: | Algeria |
Subdivision: | 100 centimes (except exchange rate) |
ISO 4217 code : | DZD |
Abbreviation: | THERE |
Exchange rate : (29 Mar 2020) |
1 EUR = 138.696 DZD 1 CHF = 129.02 DZD |
The Algerian Dinar ( Arabic دينار جزائري dinar dschazairi , DMG dīnār ǧazāʾirī ) is the currency of Algeria . A dinar is divided into 100 centimes . The ISO code is DZD .
The dinar is a common currency denomination throughout the Arab world that goes back to the Roman denarius .
All monetary matters are regulated by the Algerian Central Bank .
The previous currency was the Algerian Franc , which was legal tender in Algeria from 1848 to 1964. It had a fixed exchange rate of 1: 1 to the French franc and was replaced by the central bank in 1964 with the Algerian dinar at a rate of 1: 1 .
The central bank issued the first series of coins in 1964, which included coins worth 1, 2, 5, 10, 20 and 50 centimes, as well as 1 dinar. At the same time, it issued the first series of banknotes with denominations of 5, 10, 50 and 100 dinars. In 1970 a banknote of 500 dinars followed and in 1992 one of 1000 dinars.
In 1992 Algeria initiated the issue of a second series of coins that are still valid today: coins with a face value of ¼, ½, 1, 2, 5, 10, 20, 50 and 100 dinars were issued. The fourth banknote series, which is still valid today, was also issued: It includes banknotes with values of 100, 200, 500 and 1000 dinars. In 2011, banknotes with a value of 2000 dinars were issued. The ¼ and ½ dinar coins have now been withdrawn from circulation. Since January 1, 2015, 100 and 200 dinar notes are no longer recognized as a means of payment, they have been replaced by the previously valid, equivalent coins.
Web links
- Images of the currently valid coins and banknotes , accessed on February 9, 2013