devises

Tires, coffee shortages in Algerian market underscore failing import restriction policies

Keen to save its hard currency reserves for tougher days, Algeria continues an unrelentless import restriction policy that resulted in severe shortages of key products with tires and coffee being the latest to join a long list of expensive and unavailable goods in the country. Transport unions have rung the alarm bell as to the […]

UN Security Council renews MINURSO mandate for another year

The Security Council renewed on Oct. 30 the mandate of the United Nations’s mission to the Sahara (MINURSO) for another year, while stressing the relevance of Morocco’s autonomy plan as a political, mutually acceptable solution to the over four-decade dispute. In resolution 2548, the Council also urged the UN chief to appoint an Envoy to […]

Moroccan dirham widens gap with a weakening Algerian dinar

Over the past decade, the Algerian dinar has experienced a dramatic free-fall in value compared to the Moroccan dirham. In 2014, one dirham was worth ten dinars, but by 2024, this gap has doubled, with one dirham now equivalent to twenty Algerian dinars. This gap is not due to an appreciation of the dirham, which […]