According to official banking data, the average price of the dollar against the dinar reached 128.856735 dinars.
The Algerian government declared war on what it called “inflating bills”, by placing a legal article in the 2021 general budget in which it set a one-month deadline for exporters to pay since the goods were sent, following the inflating corruption scandals that caused billions of dollars to the state treasury, according to official statements.
The price of the euro
The average exchange rate of the single European currency, “the euro”, fell against the Algerian dinar in morning official dealings.
The average exchange rate of the euro against the dinar was 152,572 dinars, with the pound sterling also declining, and it came to about 169,147 dinars.
Arab currencies
Slightly, the average exchange rate of the Algerian dinar improved against most Arab currencies in morning bank transactions, and the average exchange rate of the Emirati dirham was 35,038 dinars, the Saudi riyal 34,3294 dinars, and the Kuwaiti dinar 420,691 dinars.
The average exchange rate of the currencies of North African countries fell against the Algerian dinar, and the average exchange rate of the Egyptian pound was about 8.20135 dinars, the Tunisian dinar 47.1139 dinars, and the Moroccan dirham 14.0663 dinars.
The annual inflation rate in Algeria reached 2% at the end of last September, according to statistics of the Algerian Bureau of Statistics, amid an increase in the prices of agricultural products by 2.2% during the same period.
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