Algeria Money and Exchange Rate

Currency

Dinar (DZD) = 100 centimes. Notes are in denominations of DZD1,000, 500, 200, 100 and 50. Coins are in denominations of DZD100, 50, 20, 10, 5, 2 and 1, and 50, 20, 10, 5 and 1 centimes. 

Note: Because of the very strict adherence of the authorities to these regulations, visitors are strongly advised not to be associated with the black market, which tends to concentrate on the Euro and portable electronics.

Currency Exchange

In the past, difficulties have arisen when trying to exchange currency in Algeria, with only one national bank (La Banque Extérieure d’Algérie) able to exchange foreign currency at branches in major business centres. Difficulties are now decreasing and it is possible, for example, to exchange currency at some of the larger hotels. However, the facilities for currency exchange remain quite limited.

Credit/Debit Cards and ATMs

Credit cards are generally only accepted in urban areas.

Traveller's Cheques

Accepted only in top-class (4-star and above) hotels, government-run craft (souvenir) shops and in certain establishments. To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in US Dollars or Euros.

Currency Restrictions

There are no restrictions on the import or export of local or foreign currency. The export of foreign currency must not exceed the amount declared on arrival.

Banking Hours

Sun-Thurs 0900-1530.

Exchange Rate Indicators1.00 GBP = 113.75 DZD

1.00 USD = 75.17 DZD

1.00 EUR = 94.2 DZD

Currency conversion rates as of 26 August 2010

source:www.worldtravelguide.net