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Economy / Algeria

Macroeconomic Forecast Algeria

July 2012 | Macroeconomic Forecasts

BMI View: Algeria’s stock of FX reserves came in at US$187.1bn in March, according to data from the Central Bank. As we see oil prices remaining elevated for the remainder of 2012, Algeria's external position will remain solid in 2012, and we forecast reserves to come in at US$205.0bn at end 2012 (accounting for 49.7 months of imports).

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