Currencies Algeria: record rise in the euro against the Algerian dinar on the black market
Currencies Algeria – many Algerians go to the parallel market (black market) to change their currency, as there are no exchange offices in Algeria.
The European currency (euro) has seen a record breakout against the Algerian dinar (DZD) in recent days on the black market, specifically that of Algiers’ Square Port-Saïd.
However, whether at Square Port Said or the Central Bank of Algeria, the Algerian dinar (DZD) remains struggling against these currencies.
the quotations of the Central Bank of Algeria
Euro/dollar quotation on the official market
The European currency (euro) appears to be gradually regaining strength against the Algerian dinar (DZD) and the US dollar ($), according to the Central Bank of Algeria.
In fact, official quotations from the Central Bank of Algeria show that the single European currency, the euro, is exchanged for 147.72 Algerian dinars (DZD) when buying and 147.77 Algerian dinars when selling.
The single American greenback, the US dollar ($), is in turn bought at 135.43 Algerian dinars (DZD) and sold at 135.45 Algerian dinars on the same official market, that of the Bank of Algeria.
In addition to the euro and the US dollar, the official foreign exchange market quotations of the Central Bank of Algeria show the single pound sterling (£) at 167.74 Algerian dinars for purchase and 167.80 Algerian dinars for sale.
parallel market
Currencies Algeria: Algerian dinar (DZD) exchange rate on the black market
The single European currency (€) is largely exchanged for the Algerian dinar (DZD) in the various informal financial centers (currency black market, Square Port-Saïd) in Algeria.
On the informal foreign exchange market, traders in Square Port Said in Algiers exchange the euro for 220.00 Algerian dinars to buy and 221.00 Algerian dinars to sell.
Still on the parallel currency market, traders sell the single US dollar for 202.00 Algerian dinars to buy and 204.00 Algerian dinars to sell.
In addition, the currency of the United Kingdom, the pound sterling (£), is exchanged for 249.00 Algerian dinars for purchase and 251.00 Algerian dinars for sale on the parallel exchange market.
While the single Canadian dollar ($) is bought for 152.00 Algerian dinars and sold for 149.00 Algerian dinars in the same market.
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Square Port-Saïd (Algiers)/ Bank of Algeria: exchange rate of 100 €
100€ will be exchanged today for 22000 Algerian Dinars (DZD) to buy and 22100 Algerian Dinars (DZD) to sell on the black market.
€100 will be exchanged today for 14772 Algerian Dinars (DZD) for purchase and 14777 Algerian Dinars (DZD) for sale on the official market of the Bank of Algeria.