The Algerian Dinar: History, Facts, and Its Current Value

The Algerian dinar (DZD) is the official currency of Algeria, a North African country with a rich history marked by Berber, Arab, Ottoman, and French influences. Although it is not a common currency in international collections, it has characteristics that make it interesting for banknote and coin collectors around the world.

A Brief History of the Algerian Dinar

The dinar was introduced in 1964, two years after Algeria gained its independence from France. Before that, the Algerian franc, a local version of the French franc, was used.

- Symbol: د.ج (in Arabic), DZD (in international code)

- Division: 1 dinar = 100 centimes (although centimes are rarely used today)

Since its creation, the dinar has undergone several phases of redesign and monetary reforms. Banknotes and coins reflect scenes from Algeria's history, culture, and architecture. Banknotes and Coins: Aesthetics and Themes

Algeria has issued banknotes with striking and colorful designs, highlighting:

- Iconic sites: such as the Ketchaoua Mosque or the Sahara Desert.

- Historical figures: revolutionary leaders and symbols of independence.

- Cultural themes: agriculture, industry, science, and Islamic tradition.

Regarding coins, they range from 1 dinar to 100 dinars, with several design changes in recent decades.

Current Value of the Algerian Dinar

The Algerian dinar is not a strong currency on the international market. At the time of writing:

- 1 USD ≈ 135-140 DZD

- 1 EUR ≈ 145-150 DZD

(This value is subject to change; it is recommended to consult up-to-date sources such as XE.com or official banks.)

Due to exchange restrictions and internal economic policies, the dinar has a higher value on the local black market than on the official market, something important to consider if you are thinking of buying or selling pieces.

Is the Algerian Dinar Interesting for Collectors?

Yes, and for several reasons:

- It is a currency from a country with a complex and rich history.

- It has unique designs that are lesser-known in the collecting world.

- Some older issues are difficult to obtain, especially those from the 1960s and 1970s.

Also, if you enjoy collecting coins with Arabic characters or Islamic themes, the Algerian dinar is an excellent addition.

Tips for Collecting Algerian Dinars

- Look for uncirculated (UNC) banknotes to ensure good preservation.

- Investigate authenticity, as some pieces may be counterfeit or replicas.

- Sites like eBay, Numista, or specialized forums are good starting points for finding coins.