Macroeconomic Forecast Algeria

According to figures from the International Monetary Fund (IMF), Algeria's foreign exchange reserves reached US$133.4bn at the end of June, up 46.4% y-o-y. We have pencilled in a figure of US$148.7bn by year-end, an increase of 35% on 2007. This reflects our view that foreign exchange accumulation will slow slightly during the second half of the year, due to the drop in oil prices.

To read the full article, please choose one of the following options: