Black market: Euro surges against the dinar while the dollar dips

The Algerian informal currency market has experienced a shift this week as the euro regained momentum against the Algerian dinar, outpacing the US dollar. As of Saturday, November 7, 2026, 100 euros are being sold for 27,700 dinars, up from 27,600 dinars just two days earlier. This upward trend is primarily driven by a growing demand for the European currency coupled with a decrease in supply. Experts in the market attribute this shift to the reduced flow of foreign currency from the Algerian diaspora following the end of the All Saints' school holidays, which has historically been a significant source of cash supply. While the euro rises due to this supply-demand imbalance, the dollar has simultaneously recorded a decline, highlighting the divergent paths of major currencies within the local parallel market.