According to official data of government banks, the average exchange rate of the dollar reached 128.950 dinars.
On Wednesday, the Bank of Algeria decided to extend the exceptional government measures directed to governmental and private institutions and companies, related to mitigating the repercussions of the Corona pandemic on their activities.
A statement from the Algerian Central Bank, of which Al-Ain Al-Akhbar obtained a copy, stated that it was decided to extend the measures until December 31, related to reducing the minimum liquidity factor, exempting banks and financial institutions from compulsory formation of a safety cushion, as well as postponing the payment of outstanding loan installments. Or do a reschedule.
Euro prices
For the third consecutive day, the average price of the single European currency, the euro, recorded a new decline against the Algerian currency in official dealings to 151.494 dinars, while the pound sterling rose to 167.893 dinars.
Arab currencies
Most Arab currencies recorded a decline against the Algerian dinar in government banks, and the average price of the Emirati dirham was 35,1122 dinars, the Saudi riyal 34,3864 dinars, and the Kuwaiti dinar 421,409 dinars.
Regarding the currencies of North African countries, the average price of the Egyptian pound reached 8.21396 dinars, the Tunisian dinar 46.9679 dinars, and the Moroccan dirham 14.0044 dinars.
On Wednesday, the Algerian government decided to reduce foreign currency transfers abroad under the title of “services”, after studying the “strategy for developing maritime transport,” which included adopting measures to secure the import of strategic products, and curbing the phenomenon of private individuals inflating invoices upon import.
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