13/12/2021: Introduction of New Banknotes and Coins
New banknotes and coins were introduced, featuring updated designs, improved security features, and denominations. This aims to enhance the efficiency of cash transactions.
20/12/2017: Devaluation of Algerian Dinar
The Algerian dinar was devalued again, as it faced economic challenges and low oil prices.
03/04/2017: Transition to Free Float
After gradually reducing interventions, Kazakhstan fully transitioned to a free float exchange rate for the tenge, allowing the market to determine its value.
20/08/2015: Tenge Devaluation
Kazakhstan devalued the tenge by around 30% due to falling oil prices and economic instability. This move aimed to boost exports and protect the economy.
29/06/2014: 50th Anniversary of Algerian Dinar
Algeria celebrated the 50th anniversary of the introduction of the Algerian dinar as its national currency.
19/04/2004: Introduction of New Banknotes
New banknotes with enhanced security features and updated designs were introduced to combat counterfeiting and modernize the currency.
21/12/1999: Introduction of Euro-Dinar Exchange Rate
The euro-dinar exchange rate was introduced, replacing the French franc as the peg currency for the Algerian dinar.
04/10/1999: Floating Exchange Rate
Kazakhstan switched to a floating exchange rate regime, allowing the tenge to fluctuate freely based on market supply and demand.
17/09/1994: Introduction of New Dinar
A new series of banknotes was introduced in Algeria, with the intent of stabilizing the currency and reducing inflation.
15/02/1994: Denomination of Tenge
The tenge underwent a 10,000-fold denomination, where 1 new tenge was equal to 10,000 old tenge. This was done to simplify currency handling and eliminate excessive zeros.
15/11/1993: Introduction of Kazakhstani Tenge
The Kazakhstani tenge was introduced as the new currency of Kazakhstan, replacing the Soviet ruble. The exchange rate was set at 1 tenge = 500 rubles.
10/11/1973: Devaluation of Algerian Dinar
The Algerian dinar was devalued by 30%, as a result of the global oil crisis and economic challenges faced by Algeria.
07/05/1971: Algerian Dinar Pegged to French Franc
The Algerian dinar was pegged to the French franc at a rate of 1 dinar to 1.20 francs, establishing a fixed exchange rate.
01/10/1964: Introduction of Algerian Dinar
The Algerian dinar was introduced as the official currency of Algeria, replacing the French franc at a rate of 1 dinar to 100 francs.