Algeria: Surge in US and Canadian Dollar Rates on the Parallel Market

The US and Canadian dollars are experiencing a sustained rise against the Algerian dinar on the country's parallel currency market. As of Monday, November 2, 2026, 100 US dollars are trading at 24,900 to 25,000 dinars, marking a significant increase over the past month. The Canadian dollar has followed a similar path, reaching approximately 17,450 dinars for 100 units.

Market observers link this upward trend to the surge in individual vehicle imports. With private buyers increasingly sourcing cars from the United States and Canada due to competitive prices, as well as established markets in Asia and the Gulf, the demand for North American currencies has spiked. This growing necessity for foreign exchange to finance car purchases is directly fueling the higher rates observed in informal exchange hubs.