🇩🇿AlgeriaNorth Africa
Algerian dinar weakens against euro and pound sterling on official market, parallel rates significantly higher
via Algérie3602 min read
On June 10, 2026, the Algerian dinar experienced a slight erosion against the euro and pound sterling on the official market, according to the Bank of Algeria's daily quotations. The euro was valued at 154.1451 dinars, up from 154.0071 dinars the previous day, while the pound sterling rose from 178.2227 to 178.5883 dinars. The Swiss franc also saw a slight increase to 167.6065 dinars. In contrast, the US dollar slightly declined from 133.6403 to 133.5572 dinars. These official variations, though small, are significant in Algeria, impacting importers, diaspora families, and students abroad. Meanwhile, the parallel market displayed significantly higher exchange rates. On the morning of June 9, 2026, the euro was trading at 279 dinars for sale and 276 dinars for purchase, the US dollar at 239 dinars for sale and 235 dinars for purchase, and the pound sterling at 300 dinars for sale and 295 dinars for purchase. The Canadian dollar was at 168 dinars for sale and 166 dinars for purchase. The disparity between the official and parallel rates is substantial; for the euro, the difference exceeds 125 dinars per unit. For example, exchanging 1,000 euros on the black market yields approximately 279,000 dinars, compared to about 154,000 dinars at a bank. This trend of a slightly pressured dinar on the official market and significantly higher rates on the parallel market continues, consistent with previous weeks.
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This summary was AI-generated from a story originally published by Algérie360.
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Must ReadThe US administration is set to implement new tariffs on imports from 60 trade partners, including Algeria, starting this Friday at 00:01 New York time. This move follows a revision of Washington's tariff policy after previous surtaxes were canceled by the US Supreme Court. According to an exclusive report by Asharq Business with Bloomberg, 11 Arab countries, including Algeria, Saudi Arabia, the United Arab Emirates, Bahrain, Kuwait, Qatar, Oman, Egypt, Iraq, Libya, and Morocco, will face a 12.5% customs duty on their affected exports to the US. Jordan is an exception among Arab nations, receiving a reduced rate of 10%. This new tariff policy is based on an investigation by US authorities into compliance with forced labor prevention standards. The assessment covered 60 US trade partners and forms the basis for the new customs system, aiming to adjust tariffs according to the investigation's findings and establish a legal framework consistent with recent court decisions. Exempted sectors include energy products fuels, foodstuffs, and fertilizers. However, specific regimes will continue for sectors like automotive, metals, and pharmaceuticals, which remain subject to separate investigations and duties. The immediate implementation of these new taxes aims to prevent any legal vacuum in the processing of US imports following judicial decisions that challenged previous tariff measures. Several countries, including the United Kingdom, Canada, Mexico, India, and Jordan, will benefit
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