The price of the euro rose against the Algerian dinar, this morning, Tuesday, January 11, 2022, in banks, while it declined on the black market.
The price of the euro at the Central Bank of Algeria reached 157.76 dinars for purchase and 157.84 dinars for sale.
The price of the euro fell today in Algeria on the black market at 203.86 dinars for purchase and 206.12 dinars for sale.
The price of the dollar today in Algeria
The price of the dollar fell at the Central Bank of Algeria, reaching the level of 139.30 dinars for purchase and 139.32 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 rose at 189.17 dinars for purchase, and 189.22 dinars for sale.
The sterling fell on the unofficial (black) parallel market to the level of 244.20 dinars for purchase, and 246.91 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 stabilized at about 37.11 dinars for purchase, and 37.12 dinars for sale.
The price of the riyal also stabilized on the parallel market (the black market), reaching about 47.95 dinars for purchase, and 48.48 dinars for sale.
And the price of the UAE dirham stabilized, in transactions with the Central Bank of Algeria, to 37.92 dinars for purchase, and 37.93 dinars for sale.
The price of the dirham on the parallel market (the black market) was about 49.01 dinars for purchase, and 49.55 dinars for sale.
The price of the Kuwaiti dinar at the Central Bank rose at 459.76 Algerian dinars for purchase, and 461.03 Algerian dinars for sale.
And the Kuwaiti dinar recorded in the parallel market about 595 dinars for purchase, and 601.61 dinars for sale, in the parallel (black) market.
For his part, the Algerian Prime Minister, Ayman Ben Abdel Rahman, revealed on Thursday that the growth rate of the national economy reached 4.1% by the end of 2021.
The Algerian Prime Minister said, during a press conference at the government headquarters in Algiers on Friday, December 31, 2021, that the growth rate by the end of 2021 amounted to 4.1%, explaining that the Algerian economic situation is in an “upward recovery.”
Abdel Rahman also stressed: “Algeria’s economic situation is an exception in the region, even compared to some major countries.”
The Algerian Prime Minister explained that Algeria “managed to mobilize national production capabilities, which allowed it to reduce its imports, and not to go to external debt or print money,” according to the Algerian News Agency.
Last June, the Algerian Ministry of Finance had expected the economy to grow by 4.2% in 2021, in an upward revision to expectations of 4% announced late last year, as the OPEC member country expects better performance in the energy sector.
Economists and international financial bodies unanimously agree that Algeria managed in 2021 to overcome the repercussions of an economic earthquake that was expected to lead to a financial collapse, especially after the repercussions of the Corona pandemic and the decline in oil prices in global markets.
The months of 2021 concealed economic challenges revealed by international figures, indicators and reports, which the Algerian government says came to correct “fatal” mistakes born with Algeria’s transition to a market economy system in the early 1990s.