Currency

To understand the Algerian Dinar, (algeria bank notes) you should first understand that Algeria was ruled by France for nearly a decade; after battling through the 1950s, they finally gained their independence from France in 1962. Shortly after, in 1964, the Algerian dinar became the official currency of Algeria replacing the previously used new franc at a ratio of 1:1. By the year 1966 all public and private banks in the country were nationalized and trading currency began

The Algerian dinar is issued by the Central Bank of Algeria. The dinar is divided into 100 centimes and issued in the form of both coins and banknotes, all used in trading and daily banking activities.