Algerian Dinar in Azerbaijan Manat

DZD Algerian Dinar

Country of application:
Algeria, Republic of Sahara

Coin denominations in circulation:
5, 10, 20, 50, 100, 200 dinars.

Denominations of banknotes in circulation:
200, 500, 1000 dinars.

History reference:
The Algerian dinar is the official currency of Algeria, Western Sahara. Today Algeria is a sovereign state. Until 1964, the countrys currency was the Algerian franc, after which it was withdrawn from... circulation. At the moment, the country has its own currency - the dinar. In 1994, there was a devaluation of the domestic Algerian currency, it depreciated by almost 60%, so you should pay attention to the fact that it has a floating rate. In 1998, 58 dinars were equal to 1 dollar. In March 1999, the dollar exchange rate in the country was 64.55 dinars.

AZN Azerbaijan Manat

Country of application:
Azerbaijan

Coin denominations in circulation:
50, 20, 10, 5, 3 and 1 qepik.

Denominations of banknotes in circulation:
100, 50, 20, 10, 5, 2 and 1 manat.

History reference:
The countries of circulation are the Republic of Azerbaijan. The Azerbaijani manat became the national currency of the Republic in 1992. In November 1993, all tickets were withdrawn from circulation,... and in January 1994 the Azerbaijani manat received the status of a single means of payment. Putting into circulation in 1992, initially on a par with Soviet and then Russian rubles, largely influenced the status and purchasing value. Concomitant negative factors, which were first general political instability, and then the military conflict with neighboring Armenia, caused hyperinflation. As a result, by the beginning of 2006, the Central Bank of the country made a decision on the denomination, which turned out to be very successful in terms of further strengthening and stabilizing the exchange rate.