Economy - Algeria News Gate

Euro Falls Further Against Algerian Dinar on Black Market

The euro dropped to 278 DZD on Algeria’s black market as weaker demand pushed the currency further below 280 dinars.

Algeria’s dam levels rise to nearly 59% after heavy rainfall, boosting water reserves while regional disparities persist.

Teleghma’s garlic harvest surges, positioning Algeria toward self-sufficiency while exposing pricing and production challenges.

Algeria advances port dredging plan with China and speeds up Annaba phosphate port expansion.

Algeria’s GDP is projected to hit $317B in 2026, leading the Maghreb and reinforcing its economic position in Africa.

Algeria sets new rules for external financing, outlining how national projects will secure international funding.

Bejaia advances plans for a 30,000-seat stadium, but key details like cost and timeline remain unclear.

Dollar falls below 240 DZD in Algeria’s parallel market while euro stays above 280. Demand pressures persist.

Algeria’s agriculture minister urges investment and reform to tackle Africa’s food security challenges.