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 [1] |
| Coins | |
| Freq. used | 5, 20, 50 dinars |
| Rarely used | 1⁄4, 1⁄2, 1, 2, 10, 100 dinars |
| Demographics | |
| User(s) |
 Algeria Sahrawi Arab Democratic Republic
|
| Issuance | |
| Central bank | Bank of Algeria |
| Website | www |
| 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 centime (سنتيم).
The name "dinar" is ultimately derived from the Roman denarius. The santeem come from French "centime", since Algeria was under French administration from 1830 to 1962
The dinar was introduced on 1 April 1964, replacing the Algerian new franc at par.
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. 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.[2] Nonetheless, prices are typically quoted in santeem in everyday speech; thus a price of 100 dinars is read as عشر الاف ("ten thousand").
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Wikipedia