The price of the dollar in Algeria today, Sunday, October 11,...

The price of the dollar in Algeria today, Sunday, October 11,...
The price of the dollar in Algeria today, Sunday, October 11,...
The price of the dollar rose against Algerian dinar Today, Sunday, October 11, 2020, it recorded about 128.9504 dinars, compared to 128.7100 dinars yesterday.

The value of the Algerian dinar continues to decline sharply against major foreign currencies in official banking, as a result of the economic recession caused by the Corona pandemic and the decline in oil prices and gas exports.

Since 2014, the Algerian economy has been experiencing a suffocating economic crisis as a result of the decline in oil prices in the global markets, as oil and gas are the main resource for the state’s treasury of hard currency, at a rate of more than 97%.

The Algerian government acknowledged that the country’s economy is going through “the worst crisis in the country’s history” this year, and the dinar was one of the indicators of that economic decline, especially after the previous government included a new floating of the local currency in the General Budget Law for 2020.

The price of the euro and sterling

The price of the euro in Algeria was about 152.5174 dinars, while the pound sterling was about 168.2147 dinars.

Arab currency rates in Algeria

As for Arab currencies in Algeria, the price of the Emirati dirham was recorded about 35.0985 dinars, and the Saudi riyal scored about 34.3639 dinars.

The price of the Egyptian pound in Algeria was about 8.2091 dinars, and the Sudanese pound scored about 2.3322 dinars, while the Kuwaiti dinar scored about 421.1725 dinars.

These were the details of the news The price of the dollar in Algeria today, Sunday, October 11,... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Apple preferred to maintain the price in order to increase sales
NEXT Banque du Caire gets a B+ credit rating from Fitch