: 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 (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 algerian monetary unit
: 1 and 2 DZD coins are rarely used, with prices often rounded to the nearest 5 dinars . Economic Context : Algeria uses a managed float system
: 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? Introduced on April 1, 1964, it replaced the
: The Bank of Algeria (Banque d'Algérie) manages all issuance and monetary policy. Denominations in Circulation