International Reserves in Algeria
Algeria - International ReservesThe economy is likely to have been severely impaired in the first half of the year, as the combined weight of pandemic-related containment measures and low oil prices dragged on activity. Oil production for May tumbled following the latest round of OPEC+ cuts that came into force early in the month, adding further pressure on the struggling energy sector. Consequently, government revenues will be particularly hard hit, with fears that lower public spending will reignite the year-long anti-corruption protests that had been halted by the arrival of Covid-19 earlier in the year. This comes amid an easing of lockdown conditions in June, with the resumption of some economic activities and the reopening of certain small businesses boding well for household spending.
Algeria - International Reserves Data
|International Reserves (USD)||145||114||97.6||80.2||-|
5 years of economic forecasts for more than 30 economic indicators.
Algeria International Reserves Chart
Source: Bank of Algeria and FoucsEconomics calculations.
|Exchange Rate||119.1||-0.11 %||Jan 01|
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