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Algerian franc

The franc was the currency of Algeria between 1848 and 1964. It was subdivided into 100 centimes. History The franc replaced the budju when France occupied the country. It was equivalent to the French franc and was revalued in 1960 at a rate of 100 old francs = 1 new franc to maintain the equivalence. Thus, 1 old franc = 1 new centime, and prices popularly quoted in centimes are equivalent to old francs. The new franc was replaced at par by the dinar 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. Banknotes The Banque de l'Alg??rie 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...

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wikidata.org 0 views · 2024-12-26 18:19:08