The Algerian dinar is the official currency of Algeria and was introduced in the country until 1964, replacing the Algerian new franc. The name dinar is derived from the Roman “denarius, and the santeem comes from the French “centime”, given that France occupied Algeria between 1830 to 1962. The first banknote series was issued in denominations of 5, 10, 50 and 100 dinars, followed by the 500 dinars in 1970 and 1000 dinars in 1992. Coins replaced the 100-dinar note, and the 200 dinars note was issued.
The 500 Algerian dinar note front design features the Acomsat-1, the first Algerian communications satellite launched to the African continent orbit in 2017, whose function is television broadcasting and internet connectivity denomination. The watermark includes Abdelkader ibn Muhieddine (1808 – 1883) bust, an Algerian religious and Military leader who led a struggle against the French colonial invasion in the mid-19th century. The reverse note side illustrates three radio telescopes over the Algerian desert, a vehicular bridge and the denomination. This note is part of the 2018 series, and its color is multicolor underprint.
Text: Bank of Algeria, Five Hundred Dinars, General Manager of the Public Treasury, 2018 -11- 01, 500.