5 Dinars Independence

Algeria's 1972 coinage program was part of a broader nationalization push following the 1971 decree in which Houari Boumédiène seized full control of French oil interests — a confrontation that reshaped the country's economic identity far more than any symbolic currency reform could. The 5 Dinars in nickel replaced an earlier aluminum-bronze version (KM#105), the composition change reflecting both industrial policy shifts and Algeria's drive to assert control over its own material resources.