Algeria : Finance Minister predicts a sharp fall in Algeria’s foreign exchange reserves for 2018
- 23 October 2017 / News / 577 / Emerging Africa
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 bill, the Minister of Finance said that foreign exchange reserves are estimated at $ 105 billion, but could fall in 2018 to 85 billion, 79 billion in 2019 and 76 in 2020.
In addition, Abderrahmane Raouia forecasts high inflation, estimated at 5.5%, in 2018, which will gradually subside in 2019 (4%) and 2020 (3.5%).
Raouia also said that hydrocarbon export revenues increased slightly to $ 21 billion at the end of August 2017.
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 : 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...