The euro continues to break records against the Algerian dinar on the black currency market in Algeria.
After reaching the bar of 250 dinars each on Wednesday September 25, the single European currency recorded a new record against the Algerian dinar this Saturday September 28.
At Square Port Saïd in Algiers, the main place of the black currency market in Algeria, the euro is quoted at 251.5 dinars each.
For 100 euros, you will have to pay the sum of 25,150 Algerian dinars, a threshold that the single European currency has never crossed before.
The euro thus continues its crazy rise on the black currency market in Algeria, after a relatively calm summer when it stabilized around 241-242 dinars per unit.
But since the beginning of September, it has continued to rise until it crossed the symbolic bar of 250 DZD per unit.
New records for the euro and the dollar against the Algerian dinar
This unprecedented surge in the euro on the black currency market in Algeria can be explained by the scarcity of euros on the Algerian market and the increase in demand from importers and parents whose children are leaving to study. abroad.
According to a currency trader, another phenomenon has grown in recent years in Algeria, which is the hoarding of dinars in euros.
Like the euro, the dollar continues its upward trend on the black currency market in Algeria. This Saturday, the greenback stands at 225.5 dinars each, a level it has never reached before. It takes 22,550 dinars to get 100 dollars at Square Port Saïd in Algiers.
These historic levels of the dollar and the euro on the black currency market in Algeria will weigh heavily on the purchasing power of Algerian families who finance their children’s studies abroad and go to other hospitals for treatment. country or go sightseeing.
On the other hand, for foreign tourists visiting Algeria, the drop in the dinar on the parallel market is good news.
On the official market, the euro and the dollar remain stable. Their prices are set each week by the Bank of Algeria. The dollar is at 132.3206 dinars for sale and the rate of the euro is set at 147.3655 dinars during the period between September 26 and September 30.
ON THE SAME SUBJECT:
The euro at nearly 250 Algerian dinars on the black currency market
