


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.
OMC to DZD conversion rate trend
OMC to DZD market statistics
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Current OMC to DZD exchange rate
Omchain to Algerian Dinar is falling this week.OMC to DZD Conversion tables
The exchange rate of Omchain is decreasing.OMC to DZD
DZD to OMC
OMC to DZD Today vs. 24 hours ago
Amount | 09:01 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 OMC | د.ج0.1606 | د.ج0.1582 | +1.49% |
1 OMC | د.ج0.3212 | د.ج0.3165 | +1.49% |
5 OMC | د.ج1.61 | د.ج1.58 | +1.49% |
10 OMC | د.ج3.21 | د.ج3.16 | +1.49% |
50 OMC | د.ج16.06 | د.ج15.82 | +1.49% |
100 OMC | د.ج32.12 | د.ج31.65 | +1.49% |
500 OMC | د.ج160.6 | د.ج158.24 | +1.49% |
1000 OMC | د.ج321.21 | د.ج316.49 | +1.49% |
OMC to DZD Today vs. 1 month ago
Amount | 09:01 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 OMC | د.ج0.1606 | د.ج0.2017 | -20.39% |
1 OMC | د.ج0.3212 | د.ج0.4035 | -20.39% |
5 OMC | د.ج1.61 | د.ج2.02 | -20.39% |
10 OMC | د.ج3.21 | د.ج4.03 | -20.39% |
50 OMC | د.ج16.06 | د.ج20.17 | -20.39% |
100 OMC | د.ج32.12 | د.ج40.35 | -20.39% |
500 OMC | د.ج160.6 | د.ج201.74 | -20.39% |
1000 OMC | د.ج321.21 | د.ج403.47 | -20.39% |
OMC to DZD Today vs. 1 year ago
Amount | 09:01 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 OMC | د.ج0.1606 | د.ج1.27 | -87.38% |
1 OMC | د.ج0.3212 | د.ج2.54 | -87.38% |
5 OMC | د.ج1.61 | د.ج12.72 | -87.38% |
10 OMC | د.ج3.21 | د.ج25.45 | -87.38% |
50 OMC | د.ج16.06 | د.ج127.25 | -87.38% |
100 OMC | د.ج32.12 | د.ج254.49 | -87.38% |
500 OMC | د.ج160.6 | د.ج1,272.47 | -87.38% |
1000 OMC | د.ج321.21 | د.ج2,544.94 | -87.38% |
How to convert OMC to DZD



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