|Currency Name||Algerian Franc|
|System||1 Franc = 100 centimes|
The franc was the currency of Algeria between 1848 and 1964. It was subdivided into 100 centimes.
The franc replaced the budju when France occupied the country. It was equivalent to the French franc and was revalued in 1960 at a rate of 100 old francs = 1 new franc to maintain the equivalence. The new franc was replaced at par by the dinar in 1964 following Algerian independence granted by France in 1962.
Except for 20-, 50- and 100-franc coins issued between 1949 and 1956, Algeria used the same coins as metropolitan France.