Algerian dinar won’t go any lower


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Don’t worry, it won’t fall any lower. It is in a few words the meaning of the recent statements of the Governor of the Central Bank of Algeria, Mohamed Loukal, after the dinar, Algerian national currency, has been devalued several times. In response to inflation and the price of oil, which is still at half its value per barrel since peaking in the summer of 2014, Algeria will focus on maintaining its foreign exchange reserves valued at $ 114 billion amid an unfavorable general context.

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