Algeria: The 2018 budget bill expects a parity of 1 dollar for DA 115
- 22 October 2017 / News / 858 / Emerging Africa
Algerian Finance Minister, Abderrahmane Raouya, said on Thursday in Algiers, that the draft finance bill for 2018, is based on a forecast of a maximum parity of 115 dinars per 1 US dollar for a period of three 3 years, APS reported on Friday.
“The dinar is going well, at the level of the Bank of Algeria, we maintain our national currency and it is paramount (…) I reassure you, that the budget bill for 2018 table in anticipation, of 115 dinars for one dollar, on a forecast of three years until 2020, “said the country’s first financier.
In response to the concerns of entrepreneurs about the strength of the dinar against the currencies, the minister has expressed himself during debates with entrepreneurs organized in the framework of the 3rd edition of the Summer School of the Forum of Chiefs of Entreprises (FCE) and this, at a panel dedicated to Islamic finance, capital markets and taxation.
“Trust is there, the government has confidence in business, and businesses need to trust the government, we are working together for the good of the country,” said the Minister.
Algeria: Foreign exchange reserves to reach $ 85 billion by the end of 2018
- 23 October 2017
Algeria’s foreign exchange reserves are expected to fall to $ 85.2 billion at the end of December 2018 and to $ 76.2 billion by the end of 2020, Finance Minister “Abderrahmane Raouya” said Sunday.Spea...
Algeria : Finance Minister predicts a sharp fall in Algeria’s foreign exchange reserves for 2018
- 23 October 2017
The Minister of Finance, Abderrahmane Raouia, has presented, on Sunday, the draft Finance Law before the Finance and Budget Committee of the National People’s assembly.During his presentation of the b...
Algeria : CNEP, BADR and BDL banks to engage in Islamic banking before end of 2017
- 22 October 2017
Three public banks CNEP, BADR and BDL are set to engage in the Islamic banking before the end of 2017. Those banks will propose alternative products, which are compliant with the Islamic Shari’a, said...