The US dollar has continued its upward trend on Algeria's black market, reaching 243.5 Algerian dinars on Wednesday, its highest level since November 2025. This represents a significant increase from 239.5 dinars on October 3. The surge in the dollar's value is attributed to various factors, including the country's import activities. Algeria's economy has been experiencing fluctuations in the exchange rate, affecting the purchasing power of its citizens.
According to economist Brahim Guendouzi, the primary reason for the dollar's surge is the increased importation of vehicles from China. In the first six months of 2026, Algeria imported over 190,000 vehicles from China, mostly by private individuals. This has led to a higher demand for the US dollar, causing its value to rise on the black market. Guendouzi explains that the importation of new vehicles from China has contributed to the dollar's increase.
The euro, on the other hand, has remained stable at 276 Algerian dinars, the same level as the previous day. Guendouzi attributes this stability to decreased demand due to travel restrictions and stricter controls on tourist allocations. The difficulties in obtaining visas for travel to the eurozone and the limited allocation of 750 euros for tourism have reduced the demand for euros. As a result, the euro's value has remained steady.
The Algerian government has implemented regulations to control the flow of foreign currency, including a limit of 7,500 euros per year for individuals. These measures have contributed to the reduced demand for euros on the black market. Guendouzi notes that the dynamic supply of currencies on the informal market has also played a role in maintaining the euro's stability.
The fluctuations in the exchange rate have implications for Algeria's economy and its citizens. A stronger dollar can increase the cost of imports, potentially leading to higher prices for goods. The government's efforts to manage the exchange rate and regulate the flow of foreign currency aim to stabilize the economy.
Algeria's economic landscape is complex, with various factors influencing the exchange rate. The country's reliance on imports, particularly from China, has significant effects on the value of the Algerian dinar. The government's policies and regulations aim to balance the economy and maintain stability in the foreign exchange market.
The current trends in the foreign exchange market highlight the challenges faced by Algeria's economy. The surge in the dollar's value and the stability of the euro reflect the complex interplay of factors influencing the exchange rate. As the economy continues to evolve, the government and economists will closely monitor the situation to ensure stability and growth.
Key points
- The dollar's surge is attributed to increased importation of vehicles from China.
- The euro's stability is due to decreased demand caused by travel restrictions and stricter controls on tourist allocations.
- The Algerian government's regulations aim to control the flow of foreign currency and stabilize the economy.
