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: 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 all issuance and monetary policy. Denominations in Circulation algerian monetary unit
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 : In daily speech, Algerians often quote prices
: 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. There is a notable divergence between the official
: The dinar's value is heavily tied to global oil and gas prices , which account for the bulk of Algeria's export revenue.
: 1 and 2 DZD coins are rarely used, with prices often rounded to the nearest 5 dinars . Economic Context