The price of the euro stabilized today against the Algerian dinar, on the morning of Sunday, December 26, 2021, at banks, as well as on the parallel (black) market.
The price of the European euro in Algeria, at the beginning of Sunday’s trading with the Central Bank of Algeria, scored about 157.12 dinars for purchase, and 157.15 dinars for sale.
The price of the European euro against the Algerian dinar in the unofficial (black) parallel market reached 204.13 dinars for purchase, 206.40 dinars for sale.
The price of the dollar today in Algeria
The price of the dollar in Algeria during early trading on Sunday morning at the Central Bank of Algeria recorded 138.80 dinars for purchase, and 138.82 dinars for sale.
On Sunday, the price of the dollar in the parallel market was 180 dinars for purchase, and 182 dinars for sale.
The price of the pound sterling in Algeria
Today, Sunday, the trading screens of the Central Bank of Algeria showed the price of the pound sterling at the level of 185.54 dinars for purchase, and 185.61 dinars for sale.
The price of the pound sterling in the unofficial parallel market in Algeria came at 240.98 dinars for purchase, and 243.65 pounds for sale.
The price of the riyal, dirham and dinar in Algeria
The price of the Saudi riyal in Algeria, during early trading today, Sunday, with the Central Bank of Algeria, was about 36.96 dinars for purchase and 36.97 dinars for sale, while the price on the unofficial (black) parallel market reached about 47.94 dinars for purchase, and 48.47 dinars for sale.
The price of the UAE dirham in the Central Bank of Algeria on Sunday morning was about 37.78 dinars for purchase, and 37.79 dinars for sale, while its price on the black market came at the level of 49.01 dinars for purchase, and 49.55 dinars for sale.
As for the price of the Kuwaiti dinar in the Central Bank of Algeria on Sunday morning, it recorded about 458.10 dinars for purchase, 459.36 dinars for sale, compared to 594.81 dinars for purchase, and 601.41 dinars for sale in the unofficial (black) parallel market.
The International Monetary Fund said that the Algerian economy is gradually recovering from the repercussions of the Covid-19 pandemic and the shocks in the oil markets in 2020.
“The economy is expected to recover in 2021 and 2022, but the outlook for it is still uncertain and difficult,” the fund added last November.
The fund said that after the contraction in Algeria’s economy in 2020 by 4.9%, real GDP grew on an annual basis by 2.3% in the first half of 2021 “as a result of the recovery of hydrocarbon production and prices and the easing of containment measures (of Covid-19).”
Algeria, a major oil and gas producer, has struggled for years due to declining energy revenues and lower hydrocarbon prices and production levels since 2014, and has made little progress in diversifying its state-centric economy.
Algeria has exhausted most of its hard currency reserves during the past seven years, despite the decline in public debt.
“While Algeria’s economy is witnessing a gradual recovery, the weaknesses that preceded the pandemic remain, and the risks to the economic outlook are high,” the fund added.
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