Definition

1. Noun:
   • The basic unit of money in Algeria: The "algerian dinar" is the official currency of the People's Democratic Republic of Algeria. It is the standard monetary unit used for all financial transactions within the country.

Usage

• The "algerian dinar" is used to express prices, values, and financial amounts in Algeria.
• It functions as both a physical medium of exchange (banknotes and coins) and a unit of account.
• When writing amounts, the currency is often abbreviated as DZD, which is its ISO 4217 code.

Examples

• Noun:
  • The price of bread is about fifty algerian dinars.
  • She exchanged her euros for algerian dinars at the bank.
  • The hotel room costs four thousand algerian dinars per night.

Advanced Usage

• "pegged to a basket of currencies": Historically, the value of the algerian dinar was not freely floating but was managed by the central bank relative to other currencies.
  • For years, the algerian dinar was pegged to a basket of currencies, but its management has evolved.

Variants and Related Words

• Dinar (n): A monetary unit used in several countries, primarily in the Arab world and the Balkans. The algerian dinar is one specific type.
• DZD (n): The three-letter currency code for the algerian dinar, used in international finance and currency markets.
• Centime (n): A subunit of the algerian dinar. One dinar is divided into 100 centimes, though centime coins are rarely used in practice.

Synonyms

• Algerian currency: A general term for the money used in Algeria.
• DZD: The official abbreviation for the algerian dinar.

Related Terms (Not Phrasal Verbs or Idioms)

• Exchange rate: The value of the algerian dinar compared to another currency.
  • The exchange rate for the algerian dinar to the US dollar fluctuates.
• Bank of Algeria: The central bank that issues and regulates the algerian dinar.

Noun

1. the basic unit of money in Algeria