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Currencies: the Algerian dinar continues to fall

09/09/2021
Categories: Economy/Forex

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This is yet another record dinar drop against the US dollar. The Algerian market is increasingly faced with exorbitant prices, against which the national currency can do nothing.

At the Bank of Algeria, the US dollar hits a new record, further sinking the national currency. A single US dollar is exchanged today against 136.34 Algerian dinars for purchase and 136.36 Algerian dinars for sale. It should be recalled that the last two records date from last August 9 and 23, when the value of the dollar was 135.09 and 135.88 Algerian dinars. For its part, the euro, which was worth 159 Algerian dinars at the beginning of August, is exchanged today, September 8, 2021, against 161.33 Algerian dinars for purchase and 161.38 Algerian dinars for sale. A single euro is sold by traders against 213 Algerian dinars for sale and 211.50 Algerian dinars for purchase, while the US dollar is exchanged for 181 Algerian dinars for sale and 178 Algerian dinars for purchase. The pound sterling is exchanged more and more expensive. A single pound is worth 187.67 Algerian dinars to buy and 187.72 Algerian dinars to sell.

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