ELMT to DZD Converter and calculator


Conversion rates
Convert ELMT to DZD
Convert DZD to ELMT
ELMT to DZD chart
ELMT to DZD conversion data: Volatility and price changes of Element in DZD
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.07032 DZD | 0.07827 DZD | 0.1712 DZD | 0.2223 DZD |
Low | 0.03368 DZD | 0.03260 DZD | 0.02792 DZD | 0.02106 DZD |
Average | 0 DZD | 0 DZD | 0 DZD | 0 DZD |
Volatility | % | % | % | % |
Change | -4.56% | +2.34% | +15.58% | -22.63% |
Element information
ELMT to DZD market statistics
Current ELMT to DZD exchange rate
Element to Algerian Dinar is rising this week.More info about Element on Bitget
Algerian Dinar 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.
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ELMT to DZD Conversion tables
Amount | 00:03 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 ELMT | د.ج0.02317 | د.ج0.02428 | -4.56% |
1 ELMT | د.ج0.04635 | د.ج0.04856 | -4.56% |
5 ELMT | د.ج0.2317 | د.ج0.2428 | -4.56% |
10 ELMT | د.ج0.4635 | د.ج0.4856 | -4.56% |
50 ELMT | د.ج2.32 | د.ج2.43 | -4.56% |
100 ELMT | د.ج4.63 | د.ج4.86 | -4.56% |
500 ELMT | د.ج23.17 | د.ج24.28 | -4.56% |
1000 ELMT | د.ج46.35 | د.ج48.56 | -4.56% |
ELMT to DZD FAQ
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