Algeria - Money
Currency & Money
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.
Credit cards are generally only accepted in urban areas. Payment in cash is always preferred.
There are two or three functioning ATMs in Algiers, but they can not be relied upon and there is a thriving black market for currency exchange.
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.
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.
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.
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