Queues in Algerian post offices of employees waiting to receive their salaries are getting longer as the country experiences a liquidity crisis combined with higher inflation that hit purchasing power of citizens. The cosmetic measures introduced by the government have not anticipated the cash crisis in the country where the banking system is one of […]
The euro surged to a new historic high on Algeria’s black market in November, trading at up to 27,450 dinars for a 100-euro note, marking a deepening pressure on the informal currency exchange system. Buyers are offering between 27,050 and 27,150 dinars, widening the gap between buying and selling rates, Algerian outlet Maghreb Emergent reported. […]
French President Emmanuel Macron arrived in Egypt on Sunday for a three-day official visit aimed at discussing the escalating situation in Gaza and bolstering ties between the two countries. This marks Macron’s fourth visit to Egypt since taking office, with the trip beginning with a tour of the Grand Egyptian Museum. On Monday, Macron is […]
