6 January 2016

Algeria: Reserve Currency Shrinks to U.S. $152.7 Billion By End September 2015

Algiers — Algeria's reserve currency dropped to $152.7 billion by the end of September 2015 against $159.03 billion by the end of 2015, i.e. down by $6.33 billion between June and September, Governor of Bank of Algeria Mohamed Laksaci said Wednesday in Algiers.

Between September 2014 and September 2015, the reserve currency shrank to $32.57 billion, he said.

The balance of payment deficit amounted to $20.8 billion during the first nine months of 2015 against a deficit of $3.02 billion during the same period in 2014, said the governor in his presentation of the report on financial and economic situation in the presence of the CEOs of financial institutions and banks working in Algiers.

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