The American currency, the dollar, has changed very little against its European counterpart, the euro, and has even lost ground to it, a first since April 2022. In Algeria, the two currencies show very little variation and stagnate on the two foreign exchange markets, official and parallel.
The exchange rates from January 26 to 30, 2023 of the Bank of Algeria indicate that the single euro is exchanged against 147.72 Algerian dinars for purchase and against 147.77 Algerian dinars for sale. According to the same source, the US greenback stood at 135.43 Algerian dinars for purchase and 135.45 Algerian dinars for sale.
In addition to the euro and the dollar, the official quotations of the Bank of Algeria show the pound sterling at 167.74 Algerian dinars for purchase and 167.80 Algerian dinars for sale. In addition, the Canadian dollar is exchanged against 101.01 Algerian dinars for purchase and against 101.06 Algerian dinars for sale on the same market.
What is the exchange rate of the dinar on the black market?
At the same time, traders on the black market for currencies in Square d’Alger still sell the single euro against 217.00 Algerian dinars for purchase and against 219.00 Algerian dinars for sale. While they exchange the US dollar against 200.00 Algerian dinars for purchase and against 202.00 Algerian dinars for sale.
Regarding the currency of the United Kingdom, black market traders exchange it against 244.00 Algerian dinars for purchase and against 246.00 Algerian dinars for sale. Finally, as regards the Canadian dollar, it stood at 147.00 Algerian dinars for purchase and 149.00 Algerian dinars for sale, on the parallel exchange market.
