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Currency News

Algeria protects dinar as US dollar depreciates

03 Feb 2018 22:18The Arab Weekly
TUNIS - Algeria is artificially propping up the dinar to finance increased state spending in 2018 ahead of presidential elections. more

Algeria: Unorthodox Financing Plan Will Raise Political Risk

13 Nov 2017 03:00Proshare Nigeria Limited
The Algerian dinar has been largely stable through the year, but we expect that central bank financing of the budget deficit will prompt a renewed sell-off of the currency, with attendant price pressures. more

Algeria Expects Foreign Reserves to Decrease to $76bn in 2020

13 Nov 2017 02:15Asharq Al-awsat English
... 2018 Algerian budget before the People's National Assembly, Raouia stated that Algeria's foreign reserves reached $102.4 billion at the end of September, expecting it to decrease to $85.2 billion at the end of 2018. more

2018 World Cup Qualifiers: Super Eagles arrive for Algeria clash

09 Nov 2017 09:33Premium Times
... available for Gernot Rohr to pick from for the November games. It is understood that tickets for the Super Eagles final group game against Fennecs of Algeria have gone on sale. more

Arabic press review: Will Ahmed Shafik return to Egypt?

02 Oct 2017 10:11Middle East Eye
The collapse of the Algerian dinar has caused an unprecedented rise in prices for vegetables and other foods, according to the Algerian newspaper Alshorooq. more

Algeria Plans First Wealth Tax to Cope With Financial Pressure

27 Sep 2017 14:58Voice of America
Algeria will implement a wealth tax for the first time next year as part of measures aimed at securing new sources of finance after a sharp fall in energy earnings, Prime Minister Ahmed Ouyahia said on Wednesday. more

Algeria's economic situation deteriorates

25 Sep 2017 13:33africanews
Energy sales account for 95 percent of Algeria's exports and provide 60 percent of the state budget; but export revenues have reduced owing to both falling oil prices and the depreciation of the dinar. For nearly 15 years, the Algerian government has ... more

Algerian gov't resorts to non-traditional financing to overcome crisis

17 Sep 2017 12:03Xinhua
17 (Xinhua) -- Algerian Prime Minister Ahmed Ouyahia on Sunday admitted that the North African nation is facing a difficult financial situation, saying the government will resort to non-traditional financing resources to overcome this crisis. more
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