Monitor this situation.

Unsubscribe anytime.

[SITUATION] · [ACTIVE] · [BUSINESS]

6 clusters · 12 sources · 52 days · First seen about 2 months ago · Last updated 5 days ago

Morocco-Algeria exchange rate dynamics

Overview

On 8 July 2026, Morocco’s central bank, Bank Al‑Maghrib, posted official dirham rates, listing the euro between 10.1616 – 11.8094 and the US dollar between 8.8926 – 10.3346. On the same day, Algeria’s informal Square Port‑Saïd market quoted the euro at 274–276 dinars and the US dollar at 238.5–241 dinars, while official rates remained at 152.29 dinars per euro and 132.82 per dollar. By late July, Algeria’s black-market euro price fell sharply to 27,500 dinars per 100 € on 28 July, a decline attributed to an oversupply of euros and tighter foreign-currency controls announced by the Algerian Ministry of Finance. During this same period, Bank Al‑Maghrib adjusted its official rates for 29 July, setting the euro buying price at 10.1512 dirhams and the selling price at 11.7974 dirhams. As of 15 August 2026, the euro showed a modest rise on the Algerian parallel market, trading at 27,550 dinars for sale and 27,300 dinars for purchase. By 23 August 2026, the euro continued to rise at the Square Port‑Saïd informal exchange, reaching a selling rate of 276.50 dinars, while the US dollar declined to 236.50 dinars due to bearish international financial pressures and the conclusion of the summer holiday season. By 5 September 2026, the euro continued its upward trend on the Algerian parallel market, with 100 euros trading at 27,700 dinars for sale and 27,400 dinars for purchase. This increase is attributed to a potential reduction in supply following the end of the summer holiday season. On 6 September 2026, the Bank of Algeria identified narrowing the gap between the official dinar exchange rate and parallel market rates as a priority for incoming governor Mohand Bourai. Addressing this disparity is noted as a complex task influenced by inflation, foreign exchange reserves, the balance of payments, and trade levels.

Entities

Algeria · Bank of Algeria · Banque d’Algérie · Square Port-Saïd · Brahim Guendouzi

Timeline

5 days ago

[BUSINESS] 2 sources
Bank of Algeria seeks to narrow dinar exchange rate gap
The Bank of Algeria aims to reduce the gap between official and parallel exchange rates while coordinating new leadership efforts to manage public investment and economic diversification.
6 days ago

[BUSINESS] 5 sources
Algeria: Euro fluctuates on parallel market amid trade growth
Algeria's parallel currency market sees the Euro trading near 276-277 DZD, while Afreximbank reports the 2025 Algiers trade fair generated nearly $50 billion in continental transactions.
19 days ago

[BUSINESS] 3 sources
Algerian dinar: Euro rises while US dollar falls on parallel market
On Algeria's parallel market, the euro has risen to 276.50 dinars, while the US dollar has dropped to 236.50 dinars due to international market trends and local demand.
27 days ago

[BUSINESS] 5 sources
Euro rises against Algerian dinar on parallel market
The euro rose slightly against the Algerian dinar on the parallel market on August 15, 2026, following a period of stability, driven by a potential increase in demand.
about 1 month ago

[BUSINESS] 2 sources
Algerian Euro Black Market Falls as Morocco Dirham Rates Adjust
Algeria’s black‑market euro fell to 27,500 dinar per 100 €, driven by excess supply and tighter finance‑ministry rules, while Morocco’s Bank Al‑Maghrib posted official dirham rates, buying euro at 10.1512 and s
about 2 months ago

[BUSINESS] 2 sources
Morocco and Algeria release daily foreign exchange rates
Morocco's official dirham rates and Algeria's black‑market euro and dollar rates were posted for early July 2026.

Sources

1001infos.net · algerie360.com · algerienomades.com · jeune-independant.net · journaux.ma · lasentinelle.dz · maghrebactu.com · maglor.fr · observalgerie.com · toppermost.co.uk · tsa-algerie.com · veronesi.net

This summary has been updated 4 times: see revision history