How to send money to Algeria in 2026: euros and dollars to a foreign-currency account or dinars in 1-3 days
Euros and dollars from abroad reach Algeria in 1-3 business days and land on a foreign-currency account at an Algerian bank with no conversion, then become dinars in portions at the Bank of Algeria rate. Algerian citizens' currency deposits have no amount limit. From $10,000 the bank asks for statements and an income certificate.
In short
- Bank of Algeria rate on 7 October 2026: 134.43 dinars per dollar and 151.24 per euro.
- Currency from abroad is kept on a foreign-currency account and converted into dinars as you spend.
- For Algerian citizens, foreign-currency deposits have no amount limit.
- Deposits are insured up to 2,000,000 dinars ($15,000) at each bank.
In detail
Money is sent to Algeria to an account at an Algerian bank in euros, dollars or dinars: the transfer takes 1-3 business days, and currency received from abroad stays on the recipient's foreign-currency account. It is converted into dinars at the Bank of Algeria rate: on 7 October 2026 that was 134.43 dinars per dollar and 151.24 per euro. For Algerian citizens, deposits in freely convertible currency are accepted with no limit on the amount.
| Method | On 8 October 2026 | Currency | Time | What you need |
|---|---|---|---|---|
| Transfer to a foreign-currency account in Algeria | works | euros or dollars | 1-3 business days | account number, bank, name |
| Transfer to a dinar account | works | dinars at the Bank of Algeria rate | 1-3 business days | account number, bank, name |
| Payment from a foreign-currency account inside the country | in dinars | dinars | under the bank's rules | a foreign-currency account funded from abroad |
| Transfer from a foreign-currency account back abroad | works | euros or dollars | 1-3 business days | bank details abroad |
Bank of Algeria rate on 7 October 2026: 134.43 dinars per dollar and 151.24 per euro. Table data for 2026, dollar amounts rounded up.
Euros and dollars in Algeria: what the Bank of Algeria allows
A 2007 Bank of Algeria regulation allows anyone, resident or not, to hold one or more foreign-currency accounts at an Algerian bank, current or term. For a foreigner the procedure is set out in a 2009 regulation: the foreign-currency account is funded by transfers from abroad, and from it you pay in dinars inside the country, transfer to another foreign-currency account or send money back abroad. There is no credit beyond the balance on such an account.
For Algerian citizens living in the country and abroad, a Bank of Algeria instruction of 19 June 2018 confirms that deposits in freely convertible currency are accepted with no limit on the amount. The dollar rate barely moved in early October 2026:
| Date | Dinars per dollar |
|---|---|
| 2 October 2026 | 133.65 |
| 6 October 2026 | 134.43 |
| 7 October 2026 | 134.43 |
| 8 October 2026 | 134.43 |
Bank of Algeria rates on the date. At the 7 October 2026 rate $10,000 gives 1,344,283 dinars, and a transfer from the euro area is credited in euros and converted at 151.24 dinars per euro.
Life in the capital is described in the Algiers guide.
Does your bank not work with Algerian banks directly? A manager will set up a legal route in euros or dollars through a bank in a third country.
Deposit insurance in Algeria: 2,000,000 dinars per depositor
Deposits at Algerian banks are protected by the deposit guarantee system. Since 15 March 2020 it repays up to 2,000,000 dinars, or $15,000, per depositor at one bank, with deposits in all currencies added together. Before that, from 2004, the limit was 600,000 dinars ($4,500). The depositor is paid within 6 months.
| Held at one bank | What insurance repays |
|---|---|
| 1,500,000 dinars | 1,500,000 dinars |
| 3,000,000 dinars | 2,000,000 dinars ($15,000) |
| Dinars and foreign currency together | no more than 2,000,000 dinars across all deposits |
The limit applies in 2026 and is counted separately at each bank, so large savings are spread across several banks.
Currency kept on the account for future payments is held in euros or dollars and converted into dinars in portions: the Bank of Algeria publishes its rate every business day.
We will help you send money to Algeria
Mistakes cost more than fees: euros converted into dollars and back along the way with a double loss, all the currency turned into dinars at once, deposits at one bank above the 2,000,000-dinar insurance, an Algerian bank with no papers on the source of funds. We will help you avoid them: we choose a legal transfer route from your country, prepare source-of-funds documents for the Algerian bank and carry out the transfer through licensed partners until the money is credited.
Details and cost are with a manager in the chat: the calculation depends on the amount, the currency and the sending country.
Sending $10,000 or more to Algeria: what an Algerian bank will ask
An Algerian bank asks about the money in more detail the larger the sum. In 2026:
| Amount | The Algerian bank's question | What to show |
|---|---|---|
| Up to $10,000 | purpose of the payment | foreign-currency account details and an explanation |
| $10,000-100,000 | source of the currency | 6 months of account statements, income certificate |
| From $100,000 | the money chain up to the Algerian account | sale contract for property or a share, tax return, statements |
How to gather papers on your money is covered in proof of source of funds, sending large sums abroad and moving home sale proceeds abroad.
Sending $100,000 or more to Algeria for a home or your own business? A specialist will gather source-of-funds documents for the Algerian bank and carry out the transfer through licensed partners until the money is credited; options for moving capital are on the capital relocation page.
From Algeria to Europe and beyond: where transfers go
From Algeria money most often goes for study and to families in France, Spain and Canada:
- France - the notary is paid only by transfer
- Spain - a 24-character account number
- Canada - Canadian dollars to your own account
- Turkey - a tax number and deposits insured up to $25,000
Sending money to nearby countries
- Egypt - dollars to a foreign-currency account in 2-5 days
- Tunisia - also convertible-currency accounts for non-residents
- Morocco - its own convertible dirham accounts
- Mauritania - the ouguiya in a 36.86-40.74 per dollar band
- Mali - third in its union for transfers between countries
- Libya - 6,408 dinars for $1,000
Capital as a whole is moved following the plan on the capital relocation page.
FAQ
How many dinars do you get per dollar in October 2026?
Is there an amount limit for a foreign-currency deposit in Algeria?
Can I send money from a foreign-currency account in Algeria back abroad?
How much of a deposit is insured in Algeria?
We will suggest the best way to send your money
We will choose a transfer method for your amount and country, prepare the documents on the origin of the money for the bank, make the transfer through licensed partners and follow it until the money is credited. Ask your question in the chat - the manager will suggest the best terms and the cost. The legal side with banks and government bodies is handled by Murblz specialists and locally licensed partners.
Details and cost are with the manager in the chat. Describe your situation and we will reply right away.
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