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| Country Guide > Africa > Algeria |
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Money Currency Dinar (AD) = 100 centimes. Notes are in denominations of AD1000, 500, 200, 100 and 50. Coins are in denominations of AD100, 50, 20, 10, 5, 2 and 1, and 50, 20, 10, 5 and 1 centimes. Note: Because of the very strict adherence of the authorities to these regulations, visitors are strongly advised not to be associated with the black market, which tends to concentrate on the Euro and portable electronics. Currency exchange In the past, difficulties have arisen when trying to exchange currency in Algeria, with only one national bank (La Banque Extrieure d’Algrie) able to exchange foreign currency at branches in major business centres. Difficulties are now decreasing and it is possible, for example, to exchange currency at some of the larger hotels. However, the facilities for currency exchange remain quite limited. Credit & debit cards Very limited acceptance of American Express, Diners Club, MasterCard and Visa - and only in urban areas. Check with your credit or debit card company for details of merchant acceptability and other services that may be available. Travellers cheques Only top-class (4-star and above) hotels and government-run craft (souvenir) shops accept these, and only in certain establishments. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars or Euros. Currency restrictions The import and export of local currency is allowed. The import of foreign currency is unlimited, but must be declared on arrival and changed at the nearest bank. The export of foreign currency is permitted up to the amount declared on arrival. The currency declaration and the exchange declaration must be presented upon departure. Exchange rate indicators The following figures are included as a guide to the movements of the Dinar against Sterling and the US Dollar:
Banking hours Sun-Thurs 0900-1530. |