US Dollar hits record high against Algerian Dinar in official rates

The US dollar reached an unprecedented historical peak against the Algerian dinar on Monday, November 9, trading at 136.13 dinars according to the central bank's official quotations. This upward trend follows the dollar's strengthening against the euro globally and developments within the US Federal Reserve. Since the start of the year, when it traded below 130 dinars, the currency has seen a steady rise. However, the parallel market in Algiers tells a different story; the euro and the dollar have seen a slight decrease, trading at 276 and 245.5 dinars respectively at the square Port-Saïd exchange hub. While the 2027 Finance Bill projected a rate of 131 dinars per dollar, the Bank of Algeria continues to adjust official rates based on international market volatility.