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LOCAL CURRENCY IN ALGERIA

Want to know the local currency in Algeria? The local money in Algeria is called Dinar.

The Algerian Dinar is issued and managed by the Bank of Algeria. To find out the current currency exchange rates for Dinar to other major currencies of the world, click on foreign currency rates.

Algerian Currency Information
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The currency used in Algeria is called as the Dinar. This currency is denoted with the currency sign ?? (Arabic) or DA (Latin) and the ISO 4217 Code for the Algerian Dinar is DZD. The Dinar, is the official currency of the Algeria . It is divided into 100 smaller units called santeem (defunct).

The constitution of Algeria provides that the Algeria government shall have the power to print the Algerian Dinar and santeem (defunct) coins to be used as a legal tender in Algeria. The Algerian Dinar bank notes and Santeem (defunct) coins are both designated as "legal tender" in payment of debts.

The Algerian Dinar bill uses the decimal system, consisting of 100 equal units.

The symbol ?? (Arabic) or DA (Latin), usually written before the numerical amount, is used for the Algerian Dinar.

Currently printed bank notes denominations are 200, 500, 1000 dinar 100, 2000 dinar [1] and the coins are minted in the denominations of 5, 10, 20, 50 dinar 1, 2, 100 dinar.

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The Effect of Balance of Trade and Investment on Algerian Dinar
Financial analysts regularly cite the balance of trade and investment in Algeria as the most important influence on the value of the Dinar. The difference between what the Algeria exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Dinar exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Dinar exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Algerian Dinar.
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