Talk:Algerian dinar/Archives/2015
Latest comment: 15 years ago by 78.149.228.177 in topic Revaluation
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Revaluation
Following the massive inflation which accompanied the transition to a more capitalist economy in the early 1990s, the centime coins have dropped out of general circulation, as have the 1 and 2 dinar coins.[1] Nonetheless, prices are typically quoted in centimes in everyday speech; thus a price of 100 dinars is read as عشر الاف "ten thousand".
Was there a 100:1 revaluation at some point? If not, where did teh custom of citing prices in centimes originate? Nik42 10:48, 9 November 2005 (UTC)
The only revaluation was when the currency changed from the old Franc to the new franc in 1960?. Enlil Ninlil 23:30, 24 May 2007 (UTC)
- In France people were slow to adapt and many continued to quote prices in old francs, especially for very large amounts, such as house prices. The media clearly couldn't do this, so they compromised with popular usage by giving amounts in centimes. This did not completely die out until the adoption of the euro. Algerians may well have done the same, though it was not AFAIK prevalent when I lived there in 1978-80, though I don't speak Arabic, only French.
- By the way it wasn't a revaluation in 1960. The value of French currency did not change. It was a redenomination of 100 francs as 1 NF (new franc).78.149.228.177 (talk) 16:37, 1 January 2009 (UTC)