Tag: deepening currency crisis
Algeria Columns Finance Headlines

Algeria’s currency crisis deepens amid drop in exports

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Algeria is grappling with a deepening currency crisis as the Algerian dinar continues its relentless slide, raising alarm over the country’s economic stability, inflationary pressures, and the sustainability of state finances. Since late 2019, the dinar has lost significant value against the euro, falling from 204 dinars per euro in December 2019 to over 260 […]
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Nigeria: deepening currency crisis, soaring inflation are threats to country’s economy

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Currency crisis in Nigeria deepens as its currency, the Naira, has dropped to ₦1,040 per dollar, which comes as a national industrial association has warned that soaring inflation is a threat to the country’s economy. In the parallel market, Nigeria’s currency has dropped to N1,040 per US dollar as supply surpassed demand, which was due […]