Algerian dinar
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| Algerian dinar دينار جزائري (Arabic) |
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| ISO 4217 Code | DZD | ||
|---|---|---|---|
| User(s) |  Algeria |
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| Inflation | 2.6% | ||
| Source | The World Factbook, 2006 est. | ||
| Subunit | |||
| 1/100 | santeem (defunct) | ||
| Symbol | دج (Arabic) or DA (Latin) | ||
| Coins | |||
| Freq. used | 5, 10, 20, 50, 100 dinar | ||
| Rarely used | ½ , 1, 2 dinar | ||
| Banknotes | |||
| Freq. used | 200, 500, 1000 dinar | ||
| Rarely used | 100 dinar (phase out) | ||
| Central bank | Banque d'Algérie | ||
| Website | www.bank-of-algeria.dz | ||
The dinar (Arabic: دينار) is the currency of Algeria. The ISO 4217 code is DZD. The name is ultimately derived from the Roman denarius. It is subdivided into 100 santeem (سنتيم). The dinar was introduced in 1964, replacing the Algerian new franc at par.
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[edit] 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 ¼, ½, 1, 2, 5, 10, 20, 50 and 100 dinar. The 10, 20, 50 and 100 dinar coins are bimetallic.
Coins in general circulation are 5 dinar and higher. Following the massive inflation which accompanied the transition to a more capitalist economy in the early 1990s, the santeem and fractional dinar coins have dropped out of general circulation, whilst the 1 and 2 dinar coins are rarely used.[1] Nonetheless, prices are typically quoted in santeem in everyday speech; thus a price of 100 dinar is read as عشر الاف "ten thousand".
 2 santeem, minted in 1964 |
 5 santeem, minted in 1974 |
 10 santeem, minted in 1984, a palm tree |
 20 santeem, minted in 1972, an overflowing cornucopia depicting the theme of agricultural revolution |
 20 santeem, minted in 1975, a goat (?) |
 50 santeem, minted in 1975, "The 30th remembering" in Arabic and commemorating the French Algerian Clash |
 1 dinar, minted in 1972, wheat, two hands (peace), and a tractor in foreground |
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 5 dinar, minted in 1974, an Algerian soldier and commemorating the 20th anniversary of the Revolution |
 10 dinar, minted since 1979, "Bank of Algeria" in Arabic |
 Current 20 and 50 dinar and obsolete 5 and 10 dinar coins |
[edit] 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. Unlike the preceding notes of the Algerian new franc, the obverse texts of the dinar banknotes are written in Arabic, with the reverses in French.
| Third series | |||||||
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| 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 | Framers on a tractor | 1 November 1977 | |||
| 100 DA | Blue | Village with minarets | Man working with plants | 1 November 1981 |
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200 DA | Brown | Place of the Martyrs, Algiers | One of the various bridges of Constantine | 23 March 1983 | ||
| Fourth series | |||||||
| 100 DA | Blue | Pre-colonial invasion: Battle of El Harrach (1775) victory of the Algerian horse riders over the invading Spanish. | Charging Arab horse riders with sabers in a seal, and Algerian navy in a battle | 21 May 1992 | 1996 | ||
| 200 DA | Reddish Brown | Period Islam Introduced: Traditional Koranic school and Kalam | Decorative Koranic motifs and symbols, mosque, olive and fig branches | ||||
| 500 DA | Violet and pink | Numidian Period: Battle on elephants between Numidians and invading Romans | Romans fighting in a seal, a Roman tomb in Tipaza, a hot water fall in Hammam Debagh, Guelma Province (?) | 21 May 1992 |
1996 2000 |
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| 1000 DA | Bistre purple | Prehistory of Algeria: A buffalo, paintings at Tassili n'Ajjer | More paintings from the Tassili, and the Hoggar (?) | 21 May 1992 |
1995 2000 |
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| 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.
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[edit] See also
[edit] References
- Krause, Chester L. and Clifford Mishler (2003). 2004 Standard Catalog of World Coins: 1901-Present, Colin R. Bruce II (senior editor), 31st ed., Krause Publications. ISBN 0-87349-593-4.
- Cuhaj, George S. (editor) (2006). Standard Catalog of World Paper Money: Modern Issues 1961-Present, 12th ed., Krause Publications. ISBN 0-89689-356-1.
- Algerian Bank Regulations of 1996, for specifications of fourth series currency (French).
[edit] External links
- Don's World Coin Gallery - Algeria
- Ron Wise's World Paper Money - Algeria Mirror site
- Tables of Modern Monetary Systems by Kurt Schuler - Algeria Mirror site
- The Global History of Currencies - Algeria
- Global Financial Data data series - Algeria Dinar
- Global Financial Data currency histories table (
Microsoft Excel format)
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