The Algerian dinar is the official currency of Algeria, introduced in 1964 to replace the Algerian franc. It is abbreviated as DZD and is subdivided into 100 centimes. The dinar is issued by the Bank of Algeria, which manages the country's monetary policy. The currency features various denominations, including coins and banknotes. The banknotes display important national figures and symbols, reflecting Algeria's history and culture. The dinar's value can fluctuate based on economic conditions, and it is primarily used for transactions within Algeria.