DZDAlgerian DinarAlgerian Dinar (DZD)
The Algerian dinar is Algeria's national currency and a North African monetary unit closely connected with the country's energy-exporting economy.
- ISO code
- DZD
- Symbol
- DA
- Region
- Africa
- Currency type
- Fiat currency
- Exchange system
- The Bank of Algeria manages the dinar monetary system, currency issue and foreign-exchange framework under Algerian law.
- Last reviewed
Convert this currency
DZD converter
DZDRate date:
Quick facts
DZD at a glance
Currency profile
How DZD works
The Algerian dinar is Algeria's national currency and a North African monetary unit closely connected with the country's energy-exporting economy.
The Bank of Algeria manages the dinar monetary system, currency issue and foreign-exchange framework under Algerian law.
- DZD is divided into 100 centimes and replaced the Algerian franc after independence.
- The dinar uses a managed exchange-rate framework rather than a permanent one-to-one foreign-currency peg.
Context
Why this currency matters
DZD represents Algeria's post-independence monetary sovereignty and the domestic accounting unit of a major energy exporter. Its value is relevant to public revenue, imports and Mediterranean commerce, while the historical move from the franc to the dinar separates modern amounts from colonial-era records.
Monetary framework
Exchange arrangement
The Bank of Algeria manages the dinar monetary system, currency issue and foreign-exchange framework under Algerian law.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for DZD
Central Bank of Algeria created
Independent Algeria established its national monetary authority after sovereignty.
Bank of Algeria - historyAlgerian dinar introduced
The dinar replaced the Algerian franc as the national monetary unit.
Bank of Algeria - historyNew banknote series launched
The Bank of Algeria introduced updated banknotes with revised designs and security features.
Bank of Algeria - history
Usage and economy
How DZD is used
- Prices, wages, taxes and settlement across Algeria.
- North African and European comparisons involving MAD, TND and EUR.
Country currency guides
Banknotes and coins
DZD currency units
The Bank of Algeria publishes official dinar banknote issues and security information.
The Bank of Algeria documents dinar and centime coin denominations.
One Algerian Dinar unit is recorded with 2 decimal places and uses Centime as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
DZD questions
What did the Algerian dinar replace?
DZD replaced the Algerian franc in 1964 as Algeria established its post-independence monetary system.
Why is DZD associated with energy trade?
Algeria is a major hydrocarbon exporter, so the dinar is relevant to domestic energy revenue, imports and public finance.
Is DZD the same as the Tunisian dinar?
No. DZD and TND are separate national currencies with different central banks, unit structures and exchange-rate frameworks.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.