currently 750 Algerian Dinar
(USD 10), particularly to technicians.
You can also link to free currency translators such as XE.com (www.xe.com), which updates every minute and gives you a list of currencies from the Algerian Dinar
to the Turkish Lira.
Half of the programme's outlay is in foreign currency and the other half is in the Algerian dinar
. But most of the money will be spent in Algeria to develop its oil and gas resources and related industries, with foreign partners to provide a major part for both upstream and downstream ventures which will include oil export refineries and petrochemical plants (see DT No.
Reform of the trade regime (including planned convertability of the Algerian dinar
) is being mirrored by efforts to privatise the national economy.
Algeria recorded 10% revenue and 6% EBITDA growth in local currency terms while figures reported in QAR were impacted by 19% depreciation of the Algerian Dinar
in the period compared to last year.
Excluding the losses caused by an 18% depreciation of the Algerian dinar
, net profit would have been QR215mn.
In particular, Brazilian Real and Algerian Dinar
weakened by over 20% during the quarter compared to the same period in the previous year.
Al Salam Bank officially started its operation in Algiers, with a paid up capital of 7.2 billion Algerian dinar
($100 million) for providing high-quality services.
The partial convertibility of the Algerian dinar
enables the Bank of Algeria (Algeria's Central Bank) to monitor all international financial operations carried out by public and private banking institutions.
Between 2000 and 2004, the African currencies that gained most against the US dollar were the CFA franc (+37%), South African rand (+26%), Botswana pula (19%), Moroccan dirham (+19%) and Algerian dinar
Through expanding products, services and diversifying income sources, the bank was able to maintain income at good levels despite the prevailing economic conditions and the increase of US dollar against the Algerian dinar
Notably, the Brazilian Real weakened over 27 per cent and the Algerian Dinar
weakened by over 19 per cent during the first nine months of 2015 compared with the same period in the previous year.