Algeria’s tourist currency allowance, another regime lie exposed by harsh economic reality

The Algerian regime has failed to fulfil its promise of raising the tourist currency allowance from a meager 106 euros to 750 euros. The promise was made by Tebboune who has turned Algiers into the capital of illusion, following his repetitive blunders.

Tebboune, with a theatrical flair, pledged to increase the tourist allowance, in an announcement in late 2024, that was hailed by the local sycophant media as “revolutionary step” towards economic openness.

Nearly a year later, the announcement has faded as a lie wrapped in a populist rhetoric. Today, the Algerian citizen sees the truth as they struggle with a falling dinar on the black currency market.

As the Algerian people awake to deception, they compare their meagre tourist allowance to that of Moroccans at 9000 euros and Tunisians at about 2000 euros.

Behind the empty regime slogans and promises, lies a crumbling economic reality. When the promise was made, oil and gas prices had yet to witness their new plunge. The drop in Algeria’s main exports led to bleeding reserves currently at about 60 billion dollars.

The worsening economic and financial outlook is exacerbated by a widening trade deficit and a fiscal deficit that is expected to exceed 20% this year in the state-controlled economy.

The state of foreign exchange reserves is barely enough to buy a year of social peace, through subsidies and cash handouts to the country’s inflated bureaucracy.

Shrinking reserves, soaring deficits, and a collapsing dinar will wake up the Algerian regime from its lies.