Informal currency market in Algeria: US dollar exceeds 250 dinar mark

The US dollar continues to strengthen against the Algerian dinar on the parallel market, reaching 250 dinars on Monday, November 2, 2026. This upward trend has been consistent since early October, with 100-dollar notes rising from 24,200 dinars to between 24,900 and 25,000 dinars. The Canadian dollar has also seen an increase, trading at approximately 174.5 dinars per unit, up from 17,000 dinars per 100 CAD back in July. Traders at the Port-Saïd Square attribute this currency pressure to a surge in demand driven by the importation of vehicles. Private individuals are increasingly looking toward North American markets for new and used cars, finding the prices more attractive than those found in European markets.