Algerian - Monetary Unit

: Algeria uses a managed float system. There is a notable divergence between the official bank rate and the informal (parallel) market rates found in places like Square Port Said in Algiers.

: The dinar's value is heavily tied to global oil and gas prices , which account for the bulk of Algeria's export revenue.

: The Bank of Algeria (Banque d'Algérie) manages all issuance and monetary policy. Denominations in Circulation algerian monetary unit

: 1 and 2 DZD coins are rarely used, with prices often rounded to the nearest 5 dinars . Economic Context

The (Arabic: دينار جزائري; ISO code: DZD ) is the official monetary unit of Algeria . Introduced on April 1, 1964, it replaced the Algerian new franc at par following the country's independence. 1 DZD equals $0.0075509 As of Apr 28, 6:35 AM EDT • Disclaimer Apr 28, 2026 Currency Overview : Algeria uses a managed float system

: It is theoretically divided into 100 centimes (santīm), though these are now obsolete due to inflation. Symbol : Denoted as د.ج in Arabic or DA in Latin script.

: In daily speech, Algerians often quote prices in "centimes" or "francs" (e.g., 100 dinars is often called "ten thousand"). parallel exchange rates for the Dinar today? : The Bank of Algeria (Banque d'Algérie) manages

Current physical currency consists of high-value bimetallic coins and culturally themed banknotes: : 200, 500, 1,000, and 2,000 DZD. Common Coins : 5, 10, 20, 50, 100, and 200 DZD.