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New-Coins-and-Banknotes-of-Algeria

New Coins and Banknotes of Algeria

04 Feb 2019  Mon

Algeria recently released new banknotes bearing the denominations 500 and 1,000 Algerian dinars. A new coin with a face value of 100 dinars was also issued at the same time. These coins and banknotes belong to Algeria’s new series of currency. They feature a mix of historical and modern elements that represent the country. These include Algerian satellite Alcomsat 1, the Great Mosque of Algiers, founder of modern Algeria, Emir Abdelkader, and Berber King of Numidia, Jugurtha.

The inner core of the 100-dinar coin is made of pinkish-yellow copper and nickel components, while the outer core is made of stainless steel. According to media reports, these new Algerian coins and banknotes will be released by mid-February. Senior officials stated that instead of changing national currency, they are looking to refresh the money in circulation.

Currently, there are coins in 9 different denominations and banknotes in 5 denominations circulating in Algeria. For coins, the lowest denomination is 50 cents while the highest is 200 dinars. Banknotes are available in denominations such as 100 dinars, 200 dinars, 500 dinars, 1,000 and 2,000 dinars.

Image Courtesy: Wikimedia Commons

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