About the Algerian Dinar
The Algerian Dinar was introduced in 1964, two years after Algeria's independence from France. It replaced the Algerian new franc at par.
The name 'Dinar' is derived from the ancient Roman coin, the 'denarius'.
Interesting Facts
Hydrocarbon Economy
Algeria's economy is heavily dependent on the export of oil and natural gas, which makes the Dinar's value highly sensitive to global energy prices.
Emir Abdelkader
Several banknotes feature Emir Abdelkader, a key figure in the 19th-century struggle against French colonial rule.
Managed Float
The Algerian Dinar operates under a managed float system, where the central bank intervenes to manage its value against a basket of currencies.
Historical Timeline
Algeria gains independence from France.
The Algerian Dinar is introduced.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- DZD
- Symbol
- د.ج
- Numeric Code
- 012
- Subunit
- Centime (1/100)
- Introduced
- 1964-04-01
Central Bank
- Name
- Bank of Algeria
- Headquarters
- Algiers, Algeria
- Founded
- 1962
- Current Governor
- Salah Eddine Taleb (since 2022)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 9.3%
- Interest Rate
- 3.25%
Exchange Rates
What Affects the DZD Exchange Rate?
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