Algerian dinar

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/algerian-dinar

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. Who wrote Algerian dinar?Banque d'Algérie (Central Bank of Algeria)
2. What is the date of introduction?April 1964
3. What is the preceding currency?Algerian franc
4. When did Algeria start using the dinar?Algeria began using its own dinar in 1964, two years after it became independent from France. Before that, people used the Algerian franc.
5. Why are centimes rarely used in Algeria?The dinar is divided into 100 centimes, but because of inflation, centimes are not very useful in everyday buying. Most people use only dinars for transactions.

Monetary Policy: Actions undertaken by a central bank to manipulate the money supply and credit conditions to stimulate or restrain economic activity.
Exchange Rate: The value of one currency for the purpose of conversion to another, influencing international trade and investment.
Sovereignty: Supreme power or authority; in the context of currency, it refers to a nation's exclusive right to issue and control its own money.