• 5 Centimes 1974, KM# 106, Algeria, Algerian Economic Planning, Second Four-Year Plan
  • 5 Centimes 1974, KM# 106, Algeria, Algerian Economic Planning, Second Four-Year Plan
Description

Houari Boumediene, who took over in 1965 through a military coup, was a pragmatic president. Boumediene's First ThreeYear Plan (1967-69) marked the beginning of long-term development planning in Algeria. In 1970 a newly created Secretariat of State for Planning took over economic planning from the Ministry of Finance, underscoring the regime's emphasis on social and economic development. The new secretariat developed the First Four-Year Plan (1970-73) and the Second Four-Year Plan (1974-77), which emphasized investment in capital-intensive heavy industry at the expense of more labor-intensive small industries that would generate badly needed employment.

Obverse

The dates of beginning and end of the Second Four-Year Plan, in a circle that consists of gear teeth on left, arced spike (ear) below olive branch with 6 leaves on right.

1974
1977

Reverse

Value in circle surrounded by the Arabic legend "People's Democratic Republic of Algeria".

الجمهورية الجزائرية الديمقراطية الشعبية
5
خمسة سنتيمات

Edge

5 Centimes

KM# 106 Schön# 16
Characteristics
Type Commemorative Issue (Circulating)
Material Aluminium
Weight 1.5 g
Diameter 22.1 mm
Thickness 1.5 mm
Shape round
Alignment Coin
Mint
Kremnica Mint (MK)

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