Money of Algeria
Working with money in this African country is somewhat difficult for most foreigners. There are not many opportunities to exchange currencies though Great Britain Pounds are readily accepted. US Dollars are sometimes also appreciated but credit cards are usually rejected. Travelers checks are only accepted at four-star or more hotels so it is usually best to exchange a reasonable amount of cash into GBP and Algerian dinars in one sitting.
A definite plus side is that currency can be imported and exported freely and that rules are more lax about this in Algeria than they are in other countries. However visitors to the country should note that paying for black market items with the Euro is not a wise idea.
The local currency is the Algerian dinar (DZD/AD), which is made up of 100 centimes. Coins are available in 100, 50, 20, 10, 5, 2 and 1 groupings while notes are available in 1000, 500, 200, 100 and 50 dinar denominations. These are widely accepted around the country and it is best to get as much of your money converted as you can. This can be done at the local bank, which is usually open from 9am to 3pm from Monday to Thursday.
Though efforts have been made to make foreign exchange easier in Algeria, opportunities to exchange your money into the local currency remain quite limited. Therefore it is usually best to exchange enough money at a time to carry you through until your next money changing opportunity. There is only one national bank - la Banque Nationale. They will be able to perform this service for you quite effectively.
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