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Algeria Expects FX Reserves to Rise -Central Bank Governor

Source: www.export-egypt.com 11/16/2018, Location: Africa

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Algeria’s foreign currency reserves will rise further as oil prices remain above the $50 per barrel mark planned in next year’s budget, its central bank governor said.

“Foreign reserves are ...at $88 billion, or two years of imports,” Mohamed Loukal told Reuters on the sidelines of a conference in Tunis.

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