Algerian dinar DZD

The Algerian dinar is the official currency of Algeria, introduced in 1964. The dinar's name is derived from the Roman "denarius," which means "cent" in French, reflecting Algeria's history of French occupation from 1830 to 1962.

History of the Algerian Dinar

The Algerian dinar was introduced in 1964, replacing the Algerian franc. Initially, coins were issued in 1, 2, 5, 10, 20, 50 centime, and 1 dinar denominations, which are still legal tender. However, as Algeria transitioned to a capitalist economy, coins have become less commonly used.

Interesting Facts About the Algerian Dinar

Although the dinar replaced the franc, traditional markets like vegetable and meat stalls still list prices in francs due to the common use of the term in everyday speech. However, modern stores display prices in dinars.