Exchange Rate in Algeria
Algeria - Exchange RateGrowth in Q4 2018 likely remained modest due to weak output in the oil sector, while free-falling oil prices in the quarter further hampered exports and hit foreign reserves. In better news, activity in the non-oil economy was likely supported by strong showings in the agricultural and construction sectors, the latter being buttressed by a flurry of investment projects from state oil firm Sonatrach. Notably, Sonatrach recently signed a deal for a USD 1 billion gas plant, while Nissan announced plans for a USD 160 million factory. In the political arena, large scale protests erupted against President Bouteflika’s announced bid for a fifth term, fanning political instability ahead of April’s elections.
Algeria - Exchange Rate Data
|Exchange Rate (vs USD)||78.42||87.92||107.1||110.4||114.8|
5 years of economic forecasts for more than 30 economic indicators.
Algeria Exchange Rate Chart
Source: Thomson Reuters.
|Exchange Rate||119.5||-0.11 %||Mar 11|
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