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.
MGP to DZD conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | د.ج8.54 | 0.0200% / 0.0320%VIP 7 |
How to buy Magpie
Buy MGP (or USDT) for DZD (Algerian Dinar) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Sell MGP (or USDT) for DZD (Algerian Dinar) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of Magpie to Algerian Dinar?
Magpie to Algerian Dinar is rising this week.Conversion tables
The exchange rate of Magpie is decreasing.MGP to DZD
DZD to MGP
Today vs. 24 hours ago
Amount | 09:35 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 MGP | $0.03194 | $0.03164 | +0.96% |
1 MGP | $0.06388 | $0.06327 | +0.96% |
5 MGP | $0.3194 | $0.3164 | +0.96% |
10 MGP | $0.6388 | $0.6327 | +0.96% |
50 MGP | $3.19 | $3.16 | +0.96% |
100 MGP | $6.39 | $6.33 | +0.96% |
500 MGP | $31.94 | $31.64 | +0.96% |
1000 MGP | $63.88 | $63.27 | +0.96% |
Today vs. 1 month ago
Amount | 09:35 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 MGP | $0.03194 | $0.03272 | -2.37% |
1 MGP | $0.06388 | $0.06543 | -2.37% |
5 MGP | $0.3194 | $0.3272 | -2.37% |
10 MGP | $0.6388 | $0.6543 | -2.37% |
50 MGP | $3.19 | $3.27 | -2.37% |
100 MGP | $6.39 | $6.54 | -2.37% |
500 MGP | $31.94 | $32.72 | -2.37% |
1000 MGP | $63.88 | $65.43 | -2.37% |
Today vs. 1 year ago
Amount | 09:35 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 MGP | $0.03194 | $0.01082 | +194.23% |
1 MGP | $0.06388 | $0.02165 | +194.23% |
5 MGP | $0.3194 | $0.1082 | +194.23% |
10 MGP | $0.6388 | $0.2165 | +194.23% |
50 MGP | $3.19 | $1.08 | +194.23% |
100 MGP | $6.39 | $2.16 | +194.23% |
500 MGP | $31.94 | $10.82 | +194.23% |
1000 MGP | $63.88 | $21.65 | +194.23% |
Magpie price prediction
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