Algerian Dinar

About The Algerian Dinar: The Strong Currency of Algeria

Quick Facts About the Algerian Dinar Notes

Country of Origin	Algeria
Symbol	DA or دج
Currency Code	DZD
Nick Names
Minor units	Centime
Denominations (Banknotes)	200 DA, 500 DA, 1000 DA, 100 DA and 2000 DA
Motto
Identification Feature	The 1000 DA note has the image of Grand mosque of Algiers on the obverse side.
Issuing Bank	Bank of Algeria
In Circulation Since	April 1, 1964

Algeria's official unit of money is known as the dinar, and one dinar is equivalent to one hundred centimes. Centimes are no longer used as currency because of their extremely low value. The word "dinar" originates from the Latin word for a denarius, which was a coin made of silver that was used by the Romans. The Algerian dinar symbol is DA or دج.

As a result of France's occupation of Algeria between the years 1830 and 1962, the word "santm" in Arabic originated from the French word "centime." In place of the dinar, the franc and the doro are the most common units of currency used by the general populace. Prices are typically listed in francs at more traditional markets such as the vegetable market or with street vendors, while they are listed in dinars at more modern stores.

The Algerian dinar price is INR (0 🔄) .

History of the Algerian Dinar

The Algerian new franc was replaced by the dinar on its first day of formal circulation, which was April 1, 1964. In 1964, the 1, 2, 5, 10, 20, and 50 centimes, as well as the 1 dinar, were all issued. The lower denominations were struck in aluminium, the larger ones in aluminium bronze, and the larger one in cupro-nickel.

The manufacturing of coins for one centime and two centimes was discontinued forever, and in the 1980s, production of coins worth five, ten, and twenty centimes came to an end. In 1992, a brand new series of coins was introduced. These coins were priced in fractions of a dinar, ranging from a quarter dinar to one hundred dinars.

The issue of a bimetallic 200 dinar coin in 2012 was timed to coincide with the celebration of the 50th anniversary of Algeria's independence. There are bimetallic coins ranging in value from 10 dinars up to 200 dinars for every denomination.

Because of the massive inflation that occurred concurrently with the gradual transition to a more capitalist economic system in the late 1990s, the dinar centime and fractional dinar coins are no longer commonly used in day-to-day transactions. Because prices are typically rounded up to the nearest 5 dinars, the 1 dinar and 2 dinar coins are not commonly used either.

However, centimes are frequently used when expressing prices in informal situations; for instance, a price of 100 dinars can be read as "ten thousand." Centimes are commonly used when quoting prices in France. As part of the "first series," Dinar banknotes were issued in 1964 in values of 5, 10, 50, and 100. These notes were all part of the "first series." The first note of 500 dinars was issued in 1970, and the first note of 1000 dinars was issued in 1992. DA and دج represent the Algerian dinar symbol.

Countries Accepting the Algerian Dinar

Amount in the Algerian Dinar You Should Carry for Your Trip

The amount that you spend on things like travel, hotel, and activities during your trip will have a significant impact on how much money you have to spend on the overall trip. In Algeria, if you have a daily budget of 20,000 DA, you will have enough money to move around, see the attractions, and buy some souvenirs. The cost of a luxury vacation can reach up to 41,226 DA per day if it includes dining at restaurants with Michelin stars and staying in five-star hotels. A reasonable estimate for the vacation of two individuals would be between 45,000 DA and 85,000.

From 7,000 DA all the way up to 15,000, this is the typical cost of a night's stay in a hotel room in Algeria. The daily cost of transportation for the average commuter falls somewhere in the range of 150 DA to $ 10 1,500 DA.

All in all, you can keep an eye on the live Algerian Dinar rate in order to exchange your currency notes. You can check Algerian dinar to Dollar, Algerian dinar to GBP, Algerian dinar to PKR, and Algerian dinar to AED.