As the Algerian state looks to tighten spending in the face of declining revenues resulting from the fall in oil prices, plans to curb the country’s import bill have become more pressing than ever. Imports have met with increased scrutiny, and in an attempt to promote local production, a rising number of goods are now subject to quota...
Since the oil price drop in 2014, Algeria has faced the challenge of maintaining the essentials of its economic and social systems in the context of drying liquidity. Our strategy is to boost resilience against external shocks, with a key focus of 2017 being to stabilise the Algerian dinar. A flexible currency rate has enabled us to absorb the...
The shadow of Algeria’s civil conflict in the 1990s and the authorities’ subsequent reluctance to be seen as empowering political Islam has delayed domestic growth in sharia-compliant finance. Further, the economic slowdown brought on by weak oil prices has been a big factor behind the drying up of liquidity in the banking system. In turn,...
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