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.
Coinsedit
Except for 20, 50 and 100 franc coins issued between 1949 and 1956, Algeria used the same coins as metropolitan France.
Banknotesedit
The Banque de l'Algérie 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 name of the Région économique d'Algérie in denominations of 50 centimes and 1 and 2 francs. The Bank of Algeria introduced notes worth 10,000 francs and 5,000 francs in 1945 and 1946, respectively.
In 1949, the Banque de l'Algérie et de la Tunisie commenced banknote issue, with denominations of 500, 1,000, 5,000 and 10,000 francs. The notes were overprinted with denominations of 5, 10, 50 and 100 new francs in 1960. The Bank of Algeria resumed note production with the introduction of the new franc and produced a final series of notes for 5, 10, 50 and 100 new francs until 1961.
algerian, franc, franc, currency, algeria, between, 1848, 1964, subdivided, into, centimes, francs, notgeld, printed, algiers, january, 1944this, infobox, shows, latest, status, before, this, currency, rendered, obsolete, contents, history, coins, banknotes, r. The franc was the currency of Algeria between 1848 and 1964 It was subdivided into 100 centimes Algerian francA 2 francs notgeld printed in Algiers January 31 1944This infobox shows the latest status before this currency was rendered obsolete Contents 1 History 2 Coins 3 Banknotes 4 References 5 External linksHistory editThe 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 editExcept for 20 50 and 100 franc coins issued between 1949 and 1956 Algeria used the same coins as metropolitan France Banknotes editThe Banque de l Algerie 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 name of the Region economique d Algerie in denominations of 50 centimes and 1 and 2 francs The Bank of Algeria introduced notes worth 10 000 francs and 5 000 francs in 1945 and 1946 respectively In 1949 the Banque de l Algerie et de la Tunisie commenced banknote issue with denominations of 500 1 000 5 000 and 10 000 francs The notes were overprinted with denominations of 5 10 50 and 100 new francs in 1960 The Bank of Algeria resumed note production with the introduction of the new franc and produced a final series of notes for 5 10 50 and 100 new francs until 1961 References edit nbsp Africa portal nbsp Money portal nbsp Numismatics portal Krause Chester L Clifford Mishler 1991 Standard Catalog of World Coins 1801 1991 18th ed Krause Publications ISBN 0873411501 Pick Albert 1994 Standard Catalog of World Paper Money General Issues Colin R Bruce II and Neil Shafer editors 7th ed Krause Publications ISBN 0 87341 207 9 External links edit nbsp Media related to Algerian franc at Wikimedia Commons nbsp This article about a unit of currency is a stub You can help Wikipedia by expanding it vte nbsp nbsp This Algerian history related article is a stub You can help Wikipedia by expanding it vte nbsp nbsp This French history related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Algerian franc amp oldid 1193983048, wikipedia, wiki, book, books, library,
