Euro remains steady at 27,600 dinars at Algeria’s Square
By the AFREEQUE newsroom, based on Maghrebemergent
The 100-euro note remains at 27,600 dinars for sale and 27,350 dinars for purchase on Algeria’s parallel market. This unusual stability in October is said to be linked to weaker demand for foreign currency and a better balance between supply and demand, according to a Béjaïa currency trader cited by Maghreb Émergent.
The 100-euro note is trading at 27,600 dinars for sale and 27,350 dinars for purchase on Algeria’s informal foreign exchange market. These rates have remained unchanged for more than a week, according to a currency trader active in Béjaïa province, cited by Maghrebemergent.
This stability comes as October is usually marked by rising demand and greater exchange-rate volatility. The trader attributes it to a balance between supply and demand on the parallel market, commonly known as the “Square”, according to Maghrebemergent.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
