| Replaced Currency: | Algerian new franc |
| Local Name Lang: | ar |
| Local Name: | دينار جزائري |
| Iso Code: | DZD |
| Date Of Introduction: | 1 April 1964 |
| Using Countries: | |
| Inflation Rate: | 9.27% |
| Inflation Source Date: | The World Factbook, 2019 est. |
| Subunit Name 1: | centime (defunct) |
| Symbol: | د.ج |
| Symbol Comment: | (Arabic), DA (Latin) |
| Frequently Used Coins: | 5, 10, 20, 50, 100, 200 DA |
| Rarely Used Coins: | 1, 2 DA |
| Frequently Used Banknotes: | 200, 500, 1000 DA |
| Rarely Used Banknotes: | 100, 2000 DA[1] |
| Issuing Authority: | Bank of Algeria |
The dinar (Arabic: rtl=yes|1=دينار جزائري|links=|lit=|translit=Dīnār Ǧazāʾirī; sign: DA; code: DZD) is the monetary currency of Algeria and it is subdivided into 100 centimes. Centimes are now obsolete due to their extremely low value.
The name "dinar" is ultimately derived from the Roman denarius.[2] The Arabic word santīm comes from the French "centime", since Algeria was under French occupation from 1830 to 1962.
The dinar was introduced on 1 April 1964, replacing the Algerian new franc at par.
The official exchange rate set by the Bank of Algeria: Algerian Dinar to U.S. dollar is approximately 134 د.ج per 1 US dollar.The real exchange rate of the Algerian Dinar to U.S. dollar is approximately د.ج 220 per 1 US dollar on black market.[3]
The masses rarely use the dinar as such, but the franc (officially the centime; one hundredth of a dinar) and the doro (one twentieth of a dinar). In traditional selling places such as the vegetable market or in the case of street vendors, prices are displayed in francs, in more modern shops the prices are displayed in dinars but the franc is used in speech.
In 1964, coins in denominations of 1, 2, 5, 10, 20 and 50 centimes, and 1 dinar were introduced, with the 1, 2 and 5 centimes struck in aluminium, the 10, 20 and 50 centimes 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 centimes were not struck again, whilst the 5, 10 and 20 centimes were last struck in the 1980s.
In 1992, a new series of coins was introduced consisting of,, 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. 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 centime 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.[4] Nonetheless, prices are typically quoted in centimes in colloquial speech; thus a price of 100 dinars is read as "ten thousand" (Arabic: عشر الاف).
The "first series" of dinar banknotes issued in 1964 consisted of banknotes in denominations of 5, 10, 50 and 100 dinars.[5] In 1970, 500 dinar banknotes were added, followed by 1000 dinars in 1992.
| Third series[6] | ||||||||
|---|---|---|---|---|---|---|---|---|
| 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 | Amphora and Arch | 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 | Administration Tower of Constantine 1 University, one of the various bridges of Constantine | 23 March 1983 | ||||
| Fourth series[7] | ||||||||
| 100 DA | Blue | Charging Arab horse riders with sabres in a seal, and Algerian navy in a battle | Pre-colonial invasion: Battle of El Harrach (1775) victory of the Algerian horseriders 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 | Numidian Period: Battle on elephants between Numidians and invading Romans | Romans fighting, a gasing in Tipaza, a hot waterfall in Hammam Debagh, Guelma Province (?) | 21 May 1992 10 June 1998 | 1996 2000 | |||
| 500 DA | Violet and pink | Globe, Alcomsat-1 (Algeria's first communication's satellite) | Satellite dishes, outline of Algeria, bridge | 1 November 2018 2018 | 2018 2018 | |||
| 1000 DA | Red 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 | |||
| 1000 DA | Blue and Red | Grand mosque of Algiers | Loom, teapot | 1 December 2018 2018 | 2018 2018 | |||
| 2000 DA | Purple and green | University professor lecturing students in amphitheatre, 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 | 24 January 2011 2011 | 2011 2011 | |||
| 2000 DA | Red, blue, and green | The historical leaders of the Front de libération nationale (FLN) (Rabah Bitat (1925–2000), Mostefa Ben Boulaïd (1917–1956), Didouche Mourad (1927–1955), Mohammed Boudiaf (1919–1992), Krim Belkacem (1922–1970), and Larbi Ben M'Hidi (1923–1957)); Mountains | Royal Mausoleum of Batna | 5 July 2020 2020 | 2021 2021 | |||
| 2000 DA | green | Martyrs' Memorial, Algiers; map of Arab countries | Tassili N'Ajjer National Park | 2022 | November 2022 | |||