Algerian Monetary Unit (Noun)
Meaning
Monetary unit in Algeria.
Classification
Nouns denoting quantities and units of measure.
Examples
- The Algerian monetary unit is the Algerian dinar, which is divided into 100 centimes.
- Algerian monetary unit fluctuations are largely controlled by the state's management of the economy.
- Most remittances sent from overseas to Algeria are typically sent in foreign currencies, but must then be converted into the local Algerian monetary unit.
- Comparing the purchasing power of the Algerian monetary unit domestically compared to foreign currencies is often challenging.
- Some tour operators quote prices in foreign currencies, but then convert these to the local Algerian monetary unit at time of payment.