Algeria’s 2027 budget based on dollar at 131 dinars
By the AFREEQUE newsroom, based on L'Information
Algeria’s 2027 budget is based on a dollar rate of 131 dinars, while the US currency traded at around 246 dinars on Algiers’ parallel market on 4 November. The Bank of Algeria simultaneously listed an official rate of 135.91 dinars, according to local media.
The Algerian government used an average dollar rate of 131 dinars to draw up the state budget for 2027-2029, according to L’Information. This assumption is below the official rate, set at 135.91 dinars per dollar by the Bank of Algeria, and far removed from the rate applied on the parallel market.
On 4 November, money changers in Port-Saïd Square, Algiers, were buying the dollar at 243 dinars and selling it at 246, while the euro was trading at around 278 dinars, according to local media cited by L’Information. The Bank of Algeria was showing a dollar rate of 135.91 dinars and a euro rate of 152.07 on the same day. The dollar had already reached 242 dinars on the parallel market on 31 October.
The committee tasked with examining the 2027 budget proposed 26 amendments on 3 November, after the Algerian Assembly began examining the bill on 2 November. Committee proposes 26 amendments to Algeria’s 2027 budget. The rise in the parallel-market rate follows the euro reaching 277 dinars on 16 October, followed by the dollar reaching 246 dinars on 5 November. Dollar reaches 246 dinars on Algiers parallel market
