Money in Algeria

Algeria Money | Economic News & Forecasts

Algeria - Money

The economic panorama remains bleak amid the dual shock of pandemic-induced restrictions and tumbling oil revenues: Oil output slumped throughout Q2 and into Q3 following the agreement of the latest OPEC+ production cuts, hitting the lowest level since early 2000 in July. Although output ticked up slightly in August, weak external demand kept production relatively low nonetheless, likely weighing on government finances in Q3. Furthermore, elevated—albeit falling—new Covid-19 cases and continued restrictions on daily life are still hampering domestic activity heading into Q4, while international borders remain closed. In politics, parliament approved President Tebboune’s draft changes to the constitution in mid-September, setting up a national referendum for 1 November that will take place amid widespread political unrest.

Algeria - Money Data

2015   2016   2017   2018   2019  
Money (annual variation in %)11.7  3.5  14.4  0.5  -     

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Algeria Money Chart


Algeria Money
Note: Annual variation of M1 in %.
Source: Bank of Algeria.

Algeria Facts

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

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