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.
دينار جزائري (Arabic) | |
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ISO 4217 | |
Code | DZD (numeric: 012) |
Subunit | 0.01 |
Unit | |
Symbol | د.ج (Arabic), DA (Latin) |
Denominations | |
Subunit | |
1⁄100 | centime (defunct) |
Banknotes | |
Freq. used | 200, 500, 1000 DA |
Rarely used | 100, 2000 DA[1] |
Coins | |
Freq. used | 5, 10, 20, 50, 100, 200 DA |
Rarely used | 1, 2 DA |
Demographics | |
Date of introduction | 1 April 1964 |
Replaced | Algerian new franc |
User(s) | ![]() ![]() |
Issuance | |
Central bank | Bank of Algeria |
Website | www |
Valuation | |
Inflation | 9.27% |
Source | The World Factbook, 2019 est. |
Etymology
editThe name "dinar" is ultimately derived from the Roman denarius.[2] The Arabic word santīm comes from the French "centime", since Algeria was under French occupation from 1830 to 1962.
History
editThe dinar was introduced on 1 April 1964, replacing the Algerian new franc at par.
Exchange rates
editThe official exchange rate set by the Bank of Algeria: Algerian Dinar to U.S. dollar is approximately 134 د.ج per 1 US dollar. The real exchange rate of the Algerian Dinar to U.S. dollar is approximately 224 د.ج per 1 US dollar on black market.[3]
Argotic counting system
editThe masses rarely use the dinar as such, but the franc (officially the centime; one hundredth of a dinar) and the doro (one twentieth of a dinar). In traditional selling places such as the vegetable market or in the case of street vendors, prices are displayed in francs, in more modern shops the prices are displayed in dinars but the franc is used in speech.
Coins
editIn 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 1⁄4, 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. 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.[4] Nonetheless, prices are typically quoted in centimes in colloquial speech; thus a price of 100 dinars is read as "ten thousand" (عشر الاف).
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2 centimes, minted in 1964
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5 centimes, minted in 1974
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10 centimes, minted in 1984, a palm tree
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20 centimes, minted in 1972, an overflowing cornucopia depicting the theme of agricultural revolution
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20 centimes, minted in 1975, a ram(?)
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50 centimes, minted in 1975, "The 30th remembering" in Arabic and commemorating the French Algerian Clash
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1 dinar, minted in 1972, wheat, two hands (peace), and a tractor in foreground
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5 dinar, minted in 1974, an Algerian soldier and commemorating the 20th anniversary of the Revolution
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10 dinar, minted since 1979, "Bank of Algeria" in Arabic
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Current 20 and 50 dinar and obsolete 5 and 10 dinar coins
Banknotes
editThe "first series" of dinar banknotes issued in 1964 consisted of banknotes in denominations of 5, 10, 50 and 100 dinars.[5] In 1970, 500 dinar banknotes were added, followed by 1000 dinars in 1992.
Third series[6] | |||||||
---|---|---|---|---|---|---|---|
Image | Value | Main Colour | Description | Date of | |||
Obverse | Reverse | Obverse | Reverse | printing | issue | ||
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[7] | |||||||
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 | ||
For table standards, see the banknote 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 vertical holographic strip on obverse.
Current DZD exchange rates | |
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From Google Finance: | AUD CAD CHF CNY EUR GBP HKD JPY USD TRY EUR JPY |
From Yahoo! Finance: | AUD CAD CHF CNY EUR GBP HKD JPY USD TRY EUR JPY |
From XE.com: | AUD CAD CHF CNY EUR GBP HKD JPY USD TRY EUR JPY |
From OANDA: | AUD CAD CHF CNY EUR GBP HKD JPY USD TRY EUR JPY |
See also
editReferences
edit- ^ "BanknoteNews – Breaking news about international paper & polymer money". Archived from the original on 3 October 2022. Retrieved 2 February 2021.
- ^ "Roman silver coins: denarius". monete-romane.com. Archived from the original on 22 September 2021. Retrieved 2 February 2021.
- ^ The real exchange rate of the Algerian Dinar to U.S. dollar on black market https://usd.currencyrate.today/dzd Archived 24 November 2022 at the Wayback Machine
- ^ "Bank of Algeria – Banque d'Algérie". 15 December 2004. Archived from the original on 15 December 2004.
- ^ "Bank of Algeria – Banque d'Algérie". 17 March 2008. Archived from the original on 17 March 2008.
- ^ "Bank of Algeria – Banque d'Algérie". 29 March 2008. Archived from the original on 29 March 2008.
- ^ "Bank of Algeria – Banque d'Algérie". 26 March 2008. Archived from the original on 26 March 2008.
- banknotenews.com Archived 3 October 2022 at the Wayback Machine
- Krause, Chester L.; Clifford Mishler (2003). 2004 Standard Catalog of World Coins: 1901–Present. Colin R. Bruce II (senior editor) (31st ed.). Krause Publications. ISBN 0873495934.
- Cuhaj, George S. (editor) (2006). Standard Catalog of World Paper Money: Modern Issues 1961-Present (12th ed.). Krause Publications. ISBN 0-89689-356-1.
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has generic name (help) - Algerian Bank Regulations of 1996, for specifications of fourth series currency (French).