Algerian Dinar

DZD is the currency of Algeria. It is divided into 100 centimes and is subdivided into 10 dirhams. The name derives from the Spanish dollar, as Algeria was previously a colony of Spain. The first Algerian banknotes were issued in 1964, and the first coins were minted in 1965. The Central Bank of Algeria has been responsible for issuing the currency since 1962. The Algerian dinar is not a freely convertible currency, and its exchange rate is determined by the Algerian government. It is pegged to a basket of currencies consisting of the euro, the US dollar, and the Algerian dinar. The dinar was introduced in 1964, replacing the Algerian franc. The dinar is subdivided into 100 centimes. The name "dinar" derives from the Spanish dollar. The first Algerian banknotes were issued in 1964, and the first coins were minted in 1965. The Central Bank of Algeria has been responsible for issuing the currency since 1962. The Algerian dinar is not a freely convertible currency, and its exchange rate is determined by the Algerian government. It is pegged to a basket of currencies consisting of the euro, the US dollar, and the Algerian dinar. The dinar was introduced in 1964, replacing the Algerian franc. The Algerian dinar is the national currency of Algeria. The word "dinar" is derived from the Spanish word for "dollar." The dinar was introduced in 1964, replacing the Algerian franc. One dinar is divided into 100 centimes. The Central Bank of Algeria has been responsible for issuing the currency since 1962. The Algerian dinar is not a freely convertible currency, and its exchange rate is determined by the Algerian government. It is pegged to a basket of currencies consisting of the euro, the US dollar, and the Algerian dinar.