The Algerian dinar is the currency of Algeria. Its ISO code is DZD. The lower part is the Algerian dinar in 100 centimes and its official abbreviation is DA.
The word dinar itself is used as a currency denomination throughout the Arab world. This name goes back to the Roman denarius. The Algerian Central Bank takes care of monetary affairs in Algeria.
History of the Algerian dinar
The Algerian dinar has an eventful history. Its predecessor currency was initially the Algerian franc. This was legal tender in Algeria from 1848 to 1965. It stood at a fixed and constant exchange rate of 1: 1 to the French franc. In 1964 the Algerian Franc was then replaced by the Algerian Dinar at a rate of 1: 1. The Algerian Central Bank put this process into effect.
This central bank then issued the first series of coins in the same year. There were coins worth 1, 5, 10, 20, 50 centimes and one dinar. From 1970 there was a banknote of 500 dinars and from 1992 even a banknote of 1000 dinars. In this year 1992 there was also the issue of the second series of coins. This series is still valid today.
Coins were issued with a value of a quarter, half, 1, 2, 5, 10, 20, 50 and 100 dinars. The fourth series of banknotes was also issued at the same time. This series included 100, 200, 500 and dinar notes.
In 2011, banknotes to the value of 2000 dinars were issued. Today it is also the case that the quarter and half dinar coins no longer exist. The 100 dinar note is also no longer printed, even if it is still in circulation these days.
The exchange rate for the Algerian dinar can be determined with the currency converter. Here it is determined what the current exchange rate looks like and how many Algerian dinars you would receive for a certain amount of euros.
Exchange into Algerian dinars
Many tourists who want to go to Algeria wonder whether they should exchange their money in Germany or in Algeria first? Generally speaking, there is a high probability that there are better exchange rates in Algeria than in Germany. Therefore, vacationers should first exchange the majority of their vacation money in Algeria, because then they will receive more Algerian dinars for a certain euro amount.