The price of the euro and the dollar in Algeria today, Saturday, October 23, 2021

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Today, Saturday, October 23, 2021, the price of the euro stabilized at the Central Bank of Algeria, while it recorded a decline in the parallel market.

The price of the euro at the Central Bank of Algeria recorded 159.38 dinars for purchase and 159.43 dinars for sale.

While the price of the single European currency fell in black market transactions to 209.38 dinars for purchase and 211.71 dinars for sale.

The price of the dollar in Algeria

The price of the dollar at the Central Bank of Algeria settled at 136.92 dinars for purchase and 136.94 dinars for sale.

In the parallel (black) market, it settled at 180 dinars for purchase, and 182 dinars for sale.

The price of the pound sterling in Algeria

The exchange rate of the pound sterling at the Central Bank of Algeria stabilized at 189.07 dinars for purchase, and 189.12 dinars for sale.

While the price of sterling fell on the unofficial (black) parallel market to 247.47 dinars for purchase, and 250.21 dinars for sale.

The price of the riyal, dirham and dinar in Algeria

The price of the Saudi riyal at the Central Bank of Algeria fell to 36.50 dinars for purchase and 36.51 dinars for sale, while the price of the riyal on the parallel market (black market) stabilized at 47.99 dinars for purchase, and 48.52 dinars for sale.

And the price of the UAE dirham recorded a slight decline in transactions with the Central Bank of Algeria, to record 37.27 dinars for purchase, and 37.28 dinars for sale. The price of the dirham was stable on the parallel market (the black market) at 49 dinars for purchase, and 49.55 dinars for sale.

The price of the Kuwaiti dinar stabilized at the Central Bank to reach 453.40 Algerian dinars for purchase, and 454.66 Algerian dinars for sale, compared to its rise to 597.40 dinars for purchase, and 604.04 for sale, in the parallel (black) market.

Algeria is studying plans to change the country’s costly subsidy system to provide direct assistance to the poor, according to a proposal in the government’s draft 2022 budget.

According to a copy of the draft seen by Reuters, the plan has not yet been discussed in parliament, where it may be changed, but it includes spending of 6.311 billion dinars ($45.8 billion) and revenues of 5.683 billion dinars ($41.3 billion).

Algeria has consumed most of its hard currency reserves since the drop in oil prices in 2014, and its energy sector is also suffering from a drop in sales volumes.

An International Monetary Fund mission to Algeria urged the government to undertake comprehensive reforms to overcome long-term fiscal challenges.





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