


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.
OTSEA to DZD conversion rate trend
OTSEA to DZD market statistics
More info about OTSea on Bitget
Current OTSEA to DZD exchange rate
OTSea to Algerian Dinar is falling this week.OTSEA to DZD Conversion tables
The exchange rate of OTSea is decreasing.OTSEA to DZD
DZD to OTSEA
OTSEA to DZD Today vs. 24 hours ago
Amount | 10:28 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 OTSEA | د.ج0.2859 | د.ج0.2947 | -2.39% |
1 OTSEA | د.ج0.5718 | د.ج0.5894 | -2.39% |
5 OTSEA | د.ج2.86 | د.ج2.95 | -2.39% |
10 OTSEA | د.ج5.72 | د.ج5.89 | -2.39% |
50 OTSEA | د.ج28.59 | د.ج29.47 | -2.39% |
100 OTSEA | د.ج57.18 | د.ج58.94 | -2.39% |
500 OTSEA | د.ج285.91 | د.ج294.7 | -2.39% |
1000 OTSEA | د.ج571.82 | د.ج589.41 | -2.39% |
OTSEA to DZD Today vs. 1 month ago
Amount | 10:28 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 OTSEA | د.ج0.2859 | د.ج0.4198 | -27.14% |
1 OTSEA | د.ج0.5718 | د.ج0.8397 | -27.14% |
5 OTSEA | د.ج2.86 | د.ج4.2 | -27.14% |
10 OTSEA | د.ج5.72 | د.ج8.4 | -27.14% |
50 OTSEA | د.ج28.59 | د.ج41.98 | -27.14% |
100 OTSEA | د.ج57.18 | د.ج83.97 | -27.14% |
500 OTSEA | د.ج285.91 | د.ج419.85 | -27.14% |
1000 OTSEA | د.ج571.82 | د.ج839.7 | -27.14% |
OTSEA to DZD Today vs. 1 year ago
Amount | 10:28 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 OTSEA | د.ج0.2859 | د.ج5.54 | -93.60% |
1 OTSEA | د.ج0.5718 | د.ج11.09 | -93.60% |
5 OTSEA | د.ج2.86 | د.ج55.43 | -93.60% |
10 OTSEA | د.ج5.72 | د.ج110.85 | -93.60% |
50 OTSEA | د.ج28.59 | د.ج554.26 | -93.60% |
100 OTSEA | د.ج57.18 | د.ج1,108.53 | -93.60% |
500 OTSEA | د.ج285.91 | د.ج5,542.64 | -93.60% |
1000 OTSEA | د.ج571.82 | د.ج11,085.27 | -93.60% |
How to convert OTSEA to DZD



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