Algerian Dinar

Overview

Economy

• Algeria is a member of AU, Arab League, OPEC, OIC, AMU.
• Main industries include: Petroleum, Natural gas, Light industries, Mining, Electrical, Food processing, Textiles.
• Algeria is part of the World Trade Organization.
• Imports are capital goods, foodstuffs, consumer goods.
• Major exports include petroleum, natural gas, petroleum products.
• GDP: $195.3 billion (2023 est.).
• GDP per capita: $4,274 (2023 est.).
• Unemployment rate: 11.7% (2023 est.).
• Inflation rate: 9.3% (2023 est.).
• Main trading partners: Italy, Spain, France, United States, Brazil, Netherlands.
• Trade agreements: EU Association Agreement, Arab Free Trade Area, Various bilateral agreements.

History

• Previous currencies used: Algerian new franc, French franc.
• The dinar was introduced in 1964, replacing the Algerian new franc. It was named after the historical Islamic gold coin and has been Algeria's currency since independence from France.
• 1964: DZD introduced, replacing Algerian new franc
• 1990: Partial economic liberalization began
• 1994: IMF structural adjustment program
• 1999: Hydrocarbon revenue windfall period
• 2014-2016: Oil price collapse and currency pressure
• 2019: Political protests and economic uncertainty
• Exchange rate peg: Managed float against basket of currencies with heavy state intervention.

General Information

• ISO 4217 Code: DZD
• Symbols: DZD/د.ج
• Currency Subunits: 100 centimes
• Central Bank: Bank of Algeria
• Monetary Policy: Managed floating exchange rate with capital controls. Focus on supporting hydrocarbon-dependent economy and controlling inflation amid limited economic diversification.
• Bills: 100 DZD, 200 DZD, 500 DZD, 1000 DZD, 2000 DZD
• Coins: 1 dinar, 2 dinars, 5 dinars, 10 dinars, 20 dinars, 50 dinars, 100 dinars, 200 dinars
• USD Exchange Rate: Variable (approximately 135-140 DZD per USD)
• Pegged To: None (Floating)
• Capital: Algiers
• Population: 45,606,480 (2023 est.)
• Area: 2,381,741 km²
• Languages: Arabic (official), Tamazight (official), French
• Time Zones: UTC+1 (Central European Time)
• Government Type: Presidential republic
• Head of Government: President (head of state and government)
• Independence: July 5, 1962 (from France)
• Ethnic Groups: Arab-Berber 99%, European less than 1%
• Religions: Muslim 99% (official; predominantly Sunni), other 1%
• Literacy Rate: 81.4% (2018 est.)
• Transport: Houari Boumediene Airport, road networks, limited rail system, Mediterranean and Sahara trade routes
• Communications: Adequate telecommunications, 61% internet penetration, mobile network coverage in populated areas
• Energy: Natural gas 60%, Oil 30%, Hydroelectric 5%, Other renewables 5%
• Countries Using This Currency: Algeria
• Data Sources: Central Bank: Bank of Algeria (bank-of-algeria.dz), Economic Data: National Office of Statistics Algeria, World Bank, IMF, Trade Data: Algeria Customs, Demographic Data: National Office of Statistics Algeria, Geographic Data: National Meteorological Office, Historical Data: Bank of Algeria archives
• Last Updated: 2025