1942 Algeria (French Colonial) 5 Francs Banknote P# 91 Grades Choice AU/BU Slider. The franc replaced the budju when France occupied the country of Algeria. It was equivalent to the French franc and was revalued in 1960 at a rate of 100 old francs = 1 new franc to maintain the equivalence. The new franc was replaced at par by the dinar in 1964 following Algerian independence in 1962.