First Independent Mena Newspaper
Algerian President Abdelmadjid Tebboune’s pledge to double public salaries rings hollow against the backdrop of relentless money printing and fiscal policies that are steadily eroding the dinar’s value. Any nominal wage gains will be halved in real terms in a country where the black market determines the value of the currency depending on offer and […]
The International Monetary Fund warned Algeria that its economy is weakening, urging authorities to tighten fiscal policy, avoid printing money to finance government deficits and stand ready to tighten monetary policy if inflation persists. The unusually stark warning came in the IMF’s 2026 Article IV consultation, which said rising oil and gas prices were helping […]
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 […]