The Algerian black market for foreign currency, specifically the euro, has shown relative stability on Saturday, November 7, 2026. At the Square Port-Saïd in Algiers, a key location for informal currency exchange, the euro maintains its value against the Algerian dinar with no significant changes from the previous session. Exchange rates have remained steady, with the 100-euro note trading at 27,050 dinars for purchase and 27,350 dinars for sale.
This stability can be attributed to the usual slowdown in activity during the weekend. As Saturday is the second day of the weekly break in Algeria, after Friday, there tends to be reduced commercial and financial transactions. With fewer exchanges taking place, there is less pressure that could lead to significant fluctuations in exchange rates. In the absence of a notable imbalance between supply and demand, exchange operators tend to maintain current price levels.
The official exchange rate of the euro against the Algerian dinar, as reported by the Banque d'Algérie, stands at 152.08 dinars per euro, based on the commercial opening quotation from Friday, November 6, 2026. In contrast, the US dollar is trading at 136.10 dinars. These rates serve as the official reference for exchange operations conducted through the banking circuit and may differ from rates on the parallel market.
On the parallel market, the euro is trading at significantly higher values. At the Square Port-Saïd in Algiers, the euro is being offered at around 274.50 dinars for purchase and 276.50 dinars for sale as of November 7, 2026. For a 100-euro note, exchange operators are offering approximately 27,450 dinars for purchase and 27,650 dinars for sale. This shows a considerable difference between the official and parallel market rates.
The parallel market rates translate to an exchange of 300 dinars between purchase and sale prices on this market. The significant difference between the official and parallel market exchange rates for the euro highlights the divergence between the two markets. The official rate is 152.08 dinars per euro, while the parallel market rate exceeds 274 dinars per euro.
Several factors influence the parallel market, including demand related to foreign travel, vacation periods, and the availability of currency in circulation. In the coming days, it will be essential to monitor the evolution of the euro against the Algerian dinar to determine whether this stability persists or if new fluctuations emerge on the black market.
The stability of exchange rates on the parallel market may also be influenced by the level of enforcement of regulations and the availability of foreign currency through official channels. Algerian citizens, particularly those traveling abroad or receiving transfers from Europe, closely watch the exchange rates.
Key points
- The Algerian black market for foreign currency sees steady euro exchange rates against the Algerian dinar on November 7, 2026.
- The official exchange rate of the euro is 152.08 dinars per euro, while the parallel market rate exceeds 274 dinars per euro.
- The stability of exchange rates on the parallel market may be influenced by factors such as demand related to foreign travel and the availability of currency in circulation.
