International Reserves in Algeria

Algeria International Reserves | Economic News & Forecasts

Algeria - International Reserves

The 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

2015   2016   2017   2018   2019  
International Reserves (USD)145  114  97.6  80.2  -     

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Algeria International Reserves Chart

Algeria International Reserves
Note: International reserves in months of imports.
Source: Bank of Algeria and FoucsEconomics calculations.

Algeria Facts

Value Change Date
Exchange Rate119.1-0.11 %Jan 01

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