About Algeria banknotes
Under French rule Algeria's notes were issued by the Banque de l'Algérie, which from 1949 also served Tunisia as the Banque de l'Algérie et de la Tunisie. After independence in 1962 the Banque Centrale d'Algérie took over, and on 1 April 1964 the Algerian dinar replaced the franc at par. The 5 dinars of 1964 belongs to that very first dinar series.
See also: African banknotes, Tunisia, Morocco and France.
Frequently asked questions
When did Algeria introduce the dinar?
On 1 April 1964, two years after independence, at one dinar to one Algerian franc.
What does PMG 63 mean?
The note has been authenticated and graded by Paper Money Guaranty. 63 is "Choice Uncirculated" on PMG's 70-point scale.
Who issues Algerian banknotes today?
The Bank of Algeria (Banque d'Algérie).
Are your Algeria banknotes genuine?
Yes. Every Algeria note we sell is a genuine banknote, never a copy or replica. Each listing states the grade, gives the Pick catalogue number where one exists and shows the front and back, and every order ships tracked from Hungary.



