International Reserves in Algeria
Algeria - International ReservesAlgeria’s presidential campaign officially began on 17 November, with five candidates competing to take the helm of the country in elections scheduled for 12 December. The new president will inherit a country immersed in a deep political crisis and an economy in severe distress. Mass demonstrations rumble on, with protestors accusing all five candidates of being part of the same old political establishment; some opposition parties have even advocated boycotting the election. Meanwhile, the approval of a controversial energy law on 14 November should open the door to foreign investment and technology in the oil and gas sectors. That said, the current political climate and the fact that the bill guarantees a leading role to state-owned Sonatrach cast doubts over the success of the reform.
Algeria - International Reserves Data
|International Reserves (USD)||195||180||145||115||97.6|
5 years of economic forecasts for more than 30 economic indicators.
Algeria International Reserves Chart
Source: Bank of Algeria and FoucsEconomics calculations.
|Exchange Rate||119.8||-0.11 %||Nov 21|
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