Banknotes of Algeria

The official currency of Algeria is the Algerian dinar, issued by the Bank of Algeria, the country's central bank established in 1962. Paper money was first introduced in Algeria in 1964, shortly after gaining independence from France. In 1980, the dinar underwent a redenomination, changing the exchange rate from 1 dinar to 100 old dinars, which was part of an effort to simplify transactions. Collectors are drawn to Algeria's banknotes due to their vibrant designs and unique historical contexts. One specific feature of many banknotes is the depiction of the country's iconic landmarks, such as the Kasbah of Algiers, symbolizing Algeria's architectural heritage. The 2001 series, which showcases significant cultural symbols, is particularly sought after for its artistic value.