Algerian dinar today: official vs Square rate
Algeria has the widest gap of any large economy in this monitor. On the Square Port Saïd market in Algiers the euro and the dollar cost close to double the official rate.
The gap is structural and has persisted for decades. It reflects tight import rules, small travel allowances and a large diaspora that supplies foreign cash.
What drives the gap
- Low annual travel allowance at the official rate.
- Import licensing and restrictions on foreign currency transfers.
- Diaspora remittances that flow through the informal market.
How we measure it
Regime: …
Local name: …
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