Dollar reaches 136.13 dinars at Algeria's official rate
By the AFREEQUE newsroom, based on TSA
The US dollar reached 136.13 Algerian dinars on 9 November, a historic record at the official exchange rate. The American currency was worth 135.91 dinars on Wednesday and 129.78 dinars at the start of January, according to quotations published by the Bank of Algeria.
The dollar was worth 136.13 dinars on Monday 9 November, against 135.91 dinars last Wednesday and 133.65 dinars at the start of October, according to the Bank of Algeria's quotations table. The greenback had begun the year at 129.78 dinars.
The euro was meanwhile trading at 152.90 dinars at the official rate, far from its record of 162.77 dinars reached in January 2021. Economist Brahim Guendouzi told TSA that the official dollar rate is adjusted each week by the Bank of Algeria according to the dollar's movement against the euro, and attributed its recent appreciation notably to geopolitical crises and the energy crisis.
On the parallel market at Port-Saïd square in Algiers, the trend was the opposite: the euro fell to 276 dinars, against 278 dinars on Wednesday 4 November, while the dollar went from 246 to 245.5 dinars, according to TSA. Algeria's 2027 finance bill assumes a dollar at 131 dinars, Brahim Guendouzi recalled.
