Algeria’s Forex Reserves fell by $7.3 Billion in Jan-MaySource: www.export-egypt.com 6/23/2018, Location: Africa |
|
|
|
|
|
Algeria’s foreign exchange reserves fell by $7.3 billion in the first five months of this year and are expected to decline by $5 billion from now until the end of the year, Prime Minister Ahmed Ouyahia said .
“Reserves stood at $90 billion at the end of May and should decline to $85 billion by the end of 2018,” Ouyahia said after a meeting with members of his National Rally for Democracy (RND) party on television. . Reserves were $97.3 billion in December 2017, down from $114.1 billion the previous year, $144.1 billion in 2015 and $178 billion in 2014, when crude oil prices started falling, until partly recovering this year. . Oil and gas earnings, which account for 95 percent of total exports and 60 percent of the state budget, fell to $33.6 billion in 2017 from $63 billion in 2014. . Ouyahia said Algeria must make further efforts to cope with financial problems caused by the loss of energy revenues. |
|
|
Financials and Investment News in Algeria >> |
 |
|||||
|
Egypt >> 9/19/2024 - Egypt is having a special participation at the IFTM-Top Resa exhibition, which lasts until Sept.19 in Paris.
Egypt’s pavilion has more than... |
Egypt >> 9/18/2024 - On his first visit around the region since his appointment, Jalel Trabelsi, the Special Envoy of the African Development Bank (AfDB), praised Egypt's ...
|
|
Egypt >> 9/18/2024 - On his first visit around the region since his appointment, Jalel Trabelsi, the Special Envoy of the African Development Bank (AfDB), praised Egypt's ...
|
Egypt >> 9/18/2024 - Benchmark index EGX 30 was up 0.61 percent to 30,342.46 points, with the Shariah index climbing by 0.20 percent to reach 2,879.64 points.
E... |
|
Egypt >> 9/18/2024 - The British company Globeleq is set to collaborate with the Egyptian government in establishing a substantial project for green hydrogen production, a...
|
Egypt >> 9/18/2024 - Deputy Prime Minister and Minister of Health and Population Khaled Abdel Ghaffar asserted the importance of cooperating with South Africa in the field...
|
| Algeria Oil & Gas 1 >> |
