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  • 04-02-19

    Algerian central bank introduces 2 banknotes, new coin

    (MENAFN) Algeria's Central Bank announced the introduction of a couple of banknotes which were set at 500-1,000 Algerian dinars.

    Together with the two banknotes, the Central Bank of Algeria also issued a new coin holding a 100 dinar value.

    The new banknotes and coins have been decided to become effective in the middle of this month, confirmed Secretary General of the Central Bank Lahbib Goubi.

    This comes with a target of "refreshing the money in circulation" instead of "changing the national currency."

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