Algeria’s current fiscal year is anticipated to end with a reserve of $ 54. 6 billion, and in the year 2023, the reserve is projected to increase to about $ 56. 5 billion.
The average price of Algerian oil is predicted to be 109 dollars per barrel for the current year, according to the Algerian newspaper “Al-Khobar.”
The Algerian Central Bank announced that foreign exchange reserves amounted to 44. 7 billion dollars at the end of September 2021, knowing that these precautions do not include gold.
According to information from the Bank of Algeria, Algeria had approximately 42 billion dollars in foreign exchange reserves at the end of 2020.
According to the newspaper, there were a number of factors that caused the improvement, including a significant decrease in the trade balance deficit and an improvement in the balance of payments’ output.
The government’s expectations in the presentation of the Finance Bill 2023 indicates that the reserve level has evolved to 59.
At the end of 2023, it’s anticipated that the trade balance would show a positive surplus of $ 17.7 billion. 7 billion at the year’s conclusion, as opposed to $ 1. Fuel sales also surpassed $1 billion, which were at about $49. 5 billion dollars, down from 6, 38 billion dollars the year before, and the estimated value of goods exported at the end of this year was 56. 5 billion dollars, including exports outside the hydrocarbons of about 7 billion dollars.
The government’s expectations in the Finance Bill 2023 showed that the balance of payments recorded a surplus of $ 11. 3 billion, (6. 3 percent of the internal product), a level that has not been achieved since 2014.
Al-Khobar, an algerian newspaper, is the source.
Algeria. Ascending path for reserves of hard currency
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