The franc was the currency of

Algeria ) , image_map = Algeria (centered orthographic projection).svg , map_caption = , image_map2 = , capital = Algiers , coordinates = , largest_city = capital , relig ...

between 1848 and 1964. It was subdivided into 100

centime Centime (from la, centesimus) is French for " cent", and is used in English as the name of the fraction currency in several Francophone countries (including Switzerland, Algeria, Belgium, Morocco and France). In France, the usage of ''centim ...

History

The franc replaced the budju when

France France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of Overseas France, overseas regions and territories in the Americas and the Atlantic Ocean, Atlantic, Pacific Ocean, Pac ...

occupied the country. It was equivalent to the

French franc The franc (, ; sign: F or Fr), also commonly distinguished as the (FF), was a currency of France. Between 1360 and 1641, it was the name of coins worth 1 livre tournois and it remained in common parlance as a term for this amount of money. It w ...

and was revalued in 1960 at a rate of 100 old francs = 1 new franc to maintain the equivalence. The new franc was replaced at par by the

dinar The dinar () is the principal currency unit in several countries near the Mediterranean Sea, and its historical use is even more widespread. The modern dinar's historical antecedents are the gold dinar and the silver dirham, the main coin of ...

in 1964 following Algerian independence in 1962.

Coins

Except for 20, 50 and 100 franc coins issued between 1949 and 1956, Algeria used the same coins as

metropolitan France Metropolitan France (french: France métropolitaine or ''la Métropole''), also known as European France (french: Territoire européen de la France) is the area of France which is geographically in Europe. This collective name for the European ...

Banknotes

The

Banque de l'Algérie the Banque de l'Algérie, from 1949 to 1958 Banque de l'Algérie et de la Tunisie, was a French bank created in 1851, that operated as the central bank for French Algeria and, from 1904, also for the French protectorate of Tunisia until Tun ...

introduced its first notes in 1861. Denominations of 5, 10, 50, 100, 500 and 1,000 francs were introduced by 1873 although the 10-franc note was issued only in 1871. In 1944, notes were issued in the name of the ''Région économique d'Algérie'' in denominations of 50 centimes and 1 and 2 francs. The Bank of Algeria introduced notes worth 10,000 francs and 5,000 francs in 1945 and 1946, respectively. In 1949, the Banque de l'Algérie et de la Tunisie commenced banknote issue, with denominations of 500, 1,000, 5,000 and 10,000 francs. The notes were overprinted with denominations of 5, 10, 50 and 100 new francs in 1960. The Bank of Algeria resumed note production with the introduction of the new franc and produced a final series of notes for 5, 10, 50 and 100 new francs until 1961.

References

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External link

* Modern obsolete currencies Currencies of Algeria French Algeria 1848 establishments in Algeria 1964 disestablishments in Algeria {{France-hist-stub