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Encyclopedia > Algerian franc
An Algerian 5 franc note issued in 1939.
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An Algerian 5 franc note issued in 1939.

The franc was the currency of Algeria between 1848 and 1964. It was equivalent to the French franc and was revalued in 1960 at a rate of 100 old francs = 1 new franc. Both francs were subdivided into 100 centimes. French Franc. ...


The franc replaced the budju when France occupied the country. Except for 20, 50 and 100 franc coins issued between 1949 and 1956, Algeria used French coins. However, the Bank of Algeria and the Bank of Algeria and Tunisia issued banknotes specifically for use in Algeria, starting in 1861. The budju was the currency of Algeria until 1848. ...


The new franc was replaced at par by the dinar. The dinar is the currency of Algeria. ...



Francs
Current Burundian franc | CFA franc | CFP franc | Comorian franc | Congolese franc | Djiboutian franc | Guinean franc | Rwandan franc | Swiss franc | UIC franc
Defunct Algerian franc | Belgian franc | Cambodian franc | French franc | Katangan franc | Gold-Franc | Luxembourgish franc | Malagasy franc | Malian franc | Monegasque franc | Moroccan franc | New Hebrides franc | Saar franc | Tunisian franc | Westphalian Frank
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The franc was originally a French gold coin of 3.87 g minted in 1360 on the occasion of the release of King John II ("the good"), held by the English since his capture at the Battle of Poitiers four years earlier.
The French franc was the national currency of France from 1360 until 1641 and again from 1795 until 1999 (franc coins and notes were legal tender until 2002).
Though abolished as a legal coin by Louis XIII in 1641 in favor of the gold louis and silver écu, the term franc continued to be used in common parlance for the livre tournois.
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