Journan — Accueil

Algeria: Slight decline in foreign currency rates on the informal market

On Tuesday, October 20, foreign currencies on Algeria’s informal market saw a slight decrease compared to the previous Thursday. The euro was traded between 274 and 276.5 dinars, while the U.S. dollar fluctuated between 230 and 240 dinars. These figures remain significantly higher than the official rates set by the Bank of Algeria, which prices the euro at approximately 151 dinars and the dollar at around 134 dinars. This substantial gap reflects the ongoing dichotomy between the official banking system and the unregulated informal market, where exchange rates are driven by daily supply and demand.