DZD information
About Algerian Dinar (DZD)
The Algerian Dinar (DZD), the official currency of Algeria, embodies the country's rich history, cultural heritage, and economic aspirations. It is commonly abbreviated as DZD and represented by the symbol د.ج. Introduced in 1964, two years after Algeria's independence from France, the Dinar is more than just a medium of exchange. It represents Algeria’s journey through post-colonial recovery, socialist policies, and gradual economic liberalization.
Historical Background
The transition to the Algerian Dinar from the Algerian Franc symbolized a significant break from the colonial past and a step towards economic sovereignty. This change was part of a broader movement to assert national identity and foster economic independence in the newly liberated nation.
Design and Symbolism
The design of the Algerian Dinar reflects the country’s historical and cultural legacy. Banknotes and coins feature prominent figures from Algeria’s past, including ancient heroes and modern leaders. They also showcase landmarks, like the Maqam Echahid monument, and natural wonders, symbolizing Algeria's diverse landscapes from the Mediterranean coast to the Sahara desert. These elements are not just decorative; they are powerful symbols of Algeria’s identity and pride.
Economic Role
The Dinar is central to Algeria’s economy, characterized by its significant oil and gas reserves. The currency facilitates trade in these key sectors, as well as in agriculture, manufacturing, and services. The value and stability of the Dinar are crucial for economic growth, affecting everything from government revenue to the cost of imports.
Monetary Policy and Inflation
Managed by the Bank of Algeria, the country’s central bank, the Dinar’s value is influenced by monetary policies, global oil prices, and foreign exchange reserves. The bank faces the challenge of controlling inflation while maintaining sufficient foreign exchange reserves, critical in an economy heavily reliant on hydrocarbon exports.
MON to DZD conversion rate trend
How to convert MON to DZD
Buy MON (or USDT) for DZD (Algerian Dinar) offers
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
|---|
Sell MON (or USDT) for DZD (Algerian Dinar) offers
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of MON to DZD?
MON to Algerian Dinar is falling this week.MON to DZD Conversion tables
The exchange rate of MON is decreasing.MON to DZD
DZD to MON
MON to DZD Today vs. 24 hours ago
| Amount | 01:50 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 MON | $0.01251 | $0.01336 | -6.40% |
| 1 MON | $0.02501 | $0.02673 | -6.40% |
| 5 MON | $0.1251 | $0.1336 | -6.40% |
| 10 MON | $0.2501 | $0.2673 | -6.40% |
| 50 MON | $1.25 | $1.34 | -6.40% |
| 100 MON | $2.5 | $2.67 | -6.40% |
| 500 MON | $12.51 | $13.36 | -6.40% |
| 1000 MON | $25.01 | $26.73 | -6.40% |
MON to DZD Today vs. 1 month ago
| Amount | 01:50 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 MON | $0.01251 | $0.02111 | -40.76% |
| 1 MON | $0.02501 | $0.04223 | -40.76% |
| 5 MON | $0.1251 | $0.2111 | -40.76% |
| 10 MON | $0.2501 | $0.4223 | -40.76% |
| 50 MON | $1.25 | $2.11 | -40.76% |
| 100 MON | $2.5 | $4.22 | -40.76% |
| 500 MON | $12.51 | $21.11 | -40.76% |
| 1000 MON | $25.01 | $42.23 | -40.76% |
MON to DZD Today vs. 1 year ago
| Amount | 01:50 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 MON | $0.01251 | $0.3347 | -96.26% |
| 1 MON | $0.02501 | $0.6694 | -96.26% |
| 5 MON | $0.1251 | $3.35 | -96.26% |
| 10 MON | $0.2501 | $6.69 | -96.26% |
| 50 MON | $1.25 | $33.47 | -96.26% |
| 100 MON | $2.5 | $66.94 | -96.26% |
| 500 MON | $12.51 | $334.69 | -96.26% |
| 1000 MON | $25.01 | $669.37 | -96.26% |
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