DZD information
About Algerian Dinar (DZD)
The Algerian Dinar (DZD), the official currency of Algeria, embodies the country's rich history, cultural heritage, and economic aspirations. It is commonly abbreviated as DZD and represented by the symbol د.ج. Introduced in 1964, two years after Algeria's independence from France, the Dinar is more than just a medium of exchange. It represents Algeria’s journey through post-colonial recovery, socialist policies, and gradual economic liberalization.
Historical Background
The transition to the Algerian Dinar from the Algerian Franc symbolized a significant break from the colonial past and a step towards economic sovereignty. This change was part of a broader movement to assert national identity and foster economic independence in the newly liberated nation.
Design and Symbolism
The design of the Algerian Dinar reflects the country’s historical and cultural legacy. Banknotes and coins feature prominent figures from Algeria’s past, including ancient heroes and modern leaders. They also showcase landmarks, like the Maqam Echahid monument, and natural wonders, symbolizing Algeria's diverse landscapes from the Mediterranean coast to the Sahara desert. These elements are not just decorative; they are powerful symbols of Algeria’s identity and pride.
Economic Role
The Dinar is central to Algeria’s economy, characterized by its significant oil and gas reserves. The currency facilitates trade in these key sectors, as well as in agriculture, manufacturing, and services. The value and stability of the Dinar are crucial for economic growth, affecting everything from government revenue to the cost of imports.
Monetary Policy and Inflation
Managed by the Bank of Algeria, the country’s central bank, the Dinar’s value is influenced by monetary policies, global oil prices, and foreign exchange reserves. The bank faces the challenge of controlling inflation while maintaining sufficient foreign exchange reserves, critical in an economy heavily reliant on hydrocarbon exports.
NFP to DZD conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | د.ج31.3 | 0.0200% / 0.0320%VIP 7 | |
Binance | د.ج31.45 | 0.1000% / 0.1000% | Yes |
Huobi | د.ج31.57 | 0.1000% / 0.1000% | Yes |
Gate.io | د.ج31.33 | 0.1000% / 0.1000% | Yes |
KuCoin | د.ج31.53 | 0.1000% / 0.1000% | Yes |
How to buy NFPrompt
Buy NFP (or USDT) for DZD (Algerian Dinar) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Sell NFP (or USDT) for DZD (Algerian Dinar) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of NFPrompt to Algerian Dinar?
NFPrompt to Algerian Dinar is rising this week.Conversion tables
The exchange rate of NFPrompt is increasing.NFP to DZD
DZD to NFP
Today vs. 24 hours ago
Amount | 18:48 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 NFP | $0.1229 | $0.1108 | +11.01% |
1 NFP | $0.2459 | $0.2215 | +11.01% |
5 NFP | $1.23 | $1.11 | +11.01% |
10 NFP | $2.46 | $2.22 | +11.01% |
50 NFP | $12.29 | $11.08 | +11.01% |
100 NFP | $24.59 | $22.15 | +11.01% |
500 NFP | $122.95 | $110.75 | +11.01% |
1000 NFP | $245.89 | $221.51 | +11.01% |
Today vs. 1 month ago
Amount | 18:48 today | 1 month ago | 1M change |
---|---|---|---|
0.5 NFP | $0.1229 | $0.1131 | +8.73% |
1 NFP | $0.2459 | $0.2262 | +8.73% |
5 NFP | $1.23 | $1.13 | +8.73% |
10 NFP | $2.46 | $2.26 | +8.73% |
50 NFP | $12.29 | $11.31 | +8.73% |
100 NFP | $24.59 | $22.62 | +8.73% |
500 NFP | $122.95 | $113.08 | +8.73% |
1000 NFP | $245.89 | $226.15 | +8.73% |
Today vs. 1 year ago
Amount | 18:48 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 NFP | $0.1229 | $-0.{5}7361 | -78.99% |
1 NFP | $0.2459 | $-0.{4}1472 | -78.99% |
5 NFP | $1.23 | $-0.{4}7361 | -78.99% |
10 NFP | $2.46 | $-0.0001472 | -78.99% |
50 NFP | $12.29 | $-0.0007361 | -78.99% |
100 NFP | $24.59 | $-0.001472 | -78.99% |
500 NFP | $122.95 | $-0.007361 | -78.99% |
1000 NFP | $245.89 | $-0.01472 | -78.99% |
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