The price of the euro fell, and the pound sterling rose against the Algerian dinar, on Friday, in the unofficial market, in exchange for the stability of the dollar.
The exchange rate of the dollar and the euro against the Algerian dinar differs in different regions and the informal “black” parallel market traders.
The price of the European currency fell to 220.14 dinars for purchase and 222.59 dinars for sale, compared to 221.24 dinars for purchase and 223.70 dinars for sale, on Thursday.
The price of the dollar continued to stabilize in the parallel market at 180 dinars for purchase and 182 dinars for sale, according to local media.
While the pound sterling rose to 245.94 dinars for purchase and 248.67 dinars for sale, compared to 245.05 dinars for buying and 247.77 dinars for sale, yesterday.
2020 was not easy for Algeria’s ailing economy 6 years ago due to an economic crisis that intensified its flame during the current year, due to the Corona pandemic and the fluctuation of oil prices, and the effects of corruption cases of the former regime.
Expectations indicate that foreign exchange reserves will reach less than $ 47 billion this year, before a gradual rise over the next two years, according to the 2021 budget that is awaiting approval by the Algerian president.
According to the Algerian Central Bank, foreign exchange reserves decreased between 2014 and 2019, by 65%.
The price of the dollar against the dinar at the Central Bank of Algeria fell to 132.12 dinars for purchase and 132.13 dinars for sale.
While the price of the euro rose to 162.38 dinars for purchase and 162.342 dinars for sale, compared to about 161.94 dinars for purchase and 162 dinars for sale, on Thursday.
The price of the pound sterling at the Bank of Algeria increased to 180.25 dinars for purchase and 180.29 dinars for sale, compared to 179.05 dinars for purchase and 179.09 dinars for sale.
Real, dirham and dinar prices
The price of the Saudi riyal settled in the Algerian Central Bank at 35.21 dinars for purchase and 35.22 dinars for sale, which was the same price yesterday.
The price of the Saudi riyal against the dinar on the black market also stabilized at 47.98 dinars for purchase and 48.51 dinars for sale.
The Emirati dirham fell in the Algerian Central Bank to 35.96 dinars for purchase and 35.97 dinars for sale, compared to 35.97 dinars for purchase and 35.98 dinars for sale, yesterday.
While it settled in the parallel market at 49.01 dinars for purchase and 49.55 dinars for sale.
The price of the Kuwaiti dinar at the Bank of Algeria increased to 433.76 dinars for purchase and 434.38 dinars for sale, compared to about 432.73 dinars for purchase and 433.77 dinars for sale.
Also, the Kuwaiti currency rose on the black market compared to yesterday, to record 591.72 dinars for purchase and 598.29 dinars for sale.
The negative repercussions of the Corona pandemic and the decline in oil prices caused Algeria about $ 10 billion in losses.
The repercussions of Corona and negative oil prices forced the Algerian government to approve the most austere and strict budgets for the current year, at about $ 62 billion, with a decline of about $ 2 billion from last year’s budget.
In the Finance Act for 2021 (the general budget), the Algerian government estimated the deficit at 2,700 billion dinars (17.6 billion euros), compared to 2,380 billion dinars in 2020, or nearly 14% of GDP.
The Algerian government depends on the price of $ 40 a barrel of oil in the 2021 budget, while oil and gas represents about 97% of Algeria’s exports, on government revenues.