Algerian dinar

Algerian dinar
دينار جزائري   (Arabic)

Old 200 dinar banknote.
ISO 4217
Code DZD
Denominations
Subunit
  1⁄100 santeem (defunct)
Symbol دج (Arabic) or DA (Latin)
Banknotes
 Freq. used 200, 500, 1000 dinars
 Rarely used 100, 2000 dinars
Coins
 Freq. used 5, 10, 20, 50, 100 dinars
 Rarely used  1⁄4,  1⁄2, 1, 2, dinars
Demographics
User(s)  Algeria
 Sahrawi Arab Democratic Republic
Issuance
Central bank Bank of Algeria
 Website www.bank-of-algeria.dz
Valuation
Inflation 4.1%
 Source The World Factbook, 2009 est.

The dinar (Arabic: دينار‎‎) (sign: د.ج or DA; code: DZD) is the currency of Algeria and it is subdivided into 100 santeem (سنتيم).

Etymology

The name "dinar" is ultimately derived from the Roman denarius.[1]

History

The dinar was introduced on 1 April 1964, replacing the Algerian new franc at par.

Coins

In 1964, coins in denominations of 1, 2, 5, 10, 20 and 50 santeem, and 1 dinar were introduced, with the 1, 2 and 5 santeem struck in aluminium, the 10, 20 and 50 santeem 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 santeem were not struck again, whilst the 5, 10 and 20 santeem 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.[2] 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 santeem 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. Nonetheless, prices are typically quoted in santeem in everyday speech; thus a price of 100 dinars is read as عشر الاف ("ten thousand").

Banknotes

The first series of dinar banknotes issued in 1964 consisted of 5, 10, 50 and 100 dinar denominations. In 1970 500 dinar notes were added, followed by 1000 dinar in 1992.

Third series
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 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 One of the various bridges of Constantine 23 March 1983
Fourth series
100 DA Blue Charging Arab horse riders with sabers in a seal, and Algerian navy in a battle Pre-colonial invasion: Battle of El Harrach (1775) victory of the Algerian horse riders 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 Romans fighting in a seal, a Roman tomb in Tipaza, a hot water fall in Hammam Debagh, Guelma Province (?) Numidian Period: Battle on elephants between Numidians and invading Romans 21 May 1992

10 June 1998

 1996

2000

1000 DA White 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

2000 DA Blue and green University professor lecturing students in amphitheater, 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 2011

2011

 2011

2011

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
From Google Finance: AUD CAD CHF EUR GBP HKD JPY USD TRY INR CNY
From Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD TRY INR CNY
From XE: AUD CAD CHF EUR GBP HKD JPY USD TRY INR CNY
From OANDA: AUD CAD CHF EUR GBP HKD JPY USD TRY INR CNY
From fxtop.com: AUD CAD CHF EUR GBP HKD JPY USD TRY INR CNY

See also

References

  1. ↑ http://www.monete-romane.com/roman_coins/denarius.html
  2. ↑ Algeria 200 dinars 2012 - 50 Years of Independence worldcoinnews.blogspot.com. Retrieved 2012-07-11.

External links

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