djouadidz@gmail.comThe exchange rate management of Algerian dinar
In the external economic shock euro/dollar
Dr. Djouadi Noureddine University of Echahid Hamma Lakhdar/ALGEIA
Received:04 Jan 2017 Accepted: 13 Apr 2017 Published: 30 June 2017
: 2009 2009 0.08 2008 30 65 % 40 2008 8 2009 1962 jel E52 E59 E32 E43 Abstract:
Algerian foreign trade considered an obstacle for the stability of Algerian economy, especially in the monetary policy, for example: 2009, when the Greek debt crisis broke out and the dollar exchange rate decline in 2009 about 0.08 cents against the euro, Algeria had lost about $ 30 billion, nearly half of its oil revenues (which represent more than 65% of the country's total revenues), and the trade balance fell from a surplus exceeded $ 40 billion in 2008 to less than 8 billion in 2009. ThisAlgerian economic position between the dollar and euro exchange rate is a very serious situation, which limited economic development in Algeria since 1962 . therefore, it became urgent to get out of this dangerous situation: what are the aspectss of monetary situation of Algeria? Also how does it effect in developing projects. Unfortunately, the Algerian regime describes this situation in its political discourse as a positive one.
Key Words :Algerian Dinar, Exchange Rate, Euro, Dollar, External Shock.
1962 2009 2009 0.08 2008 30 65 % 9.76 % 2009 13.5 % 2008 40 2008 8 2009 1962 1 2007 2 2010 3 97 % 2010 96.88 % 97 % 97.2 % 2008 97.6 % 2008 2012 56.054
1.514 4 97.3 % 70 % 5 4 % 1.2 % 50 % 60 % 2002 2006 33 % 14 %
6 7 8 40 % 25 % 2011 56 1.5 9 97 %
1 1962 . 2 80 96 %
70 % 50 % 2002 2006 33 % 14 % 250 2 1 0
$ € 1 δ α $ 1 α € δ α $ € 1 α $ δ δ α 0 > α > 1 1 $ € δ 0.25 α 1 1 1 < 02 1 > 2000 02 60 % 250 1 2 $ € $ € € $ $ 1 2 α 1 α 2 $ €
1 1 1 2 3 1 2
1 3 1 2 3 4 1 4 1 5 1 6 1 7 50 1 8
01 2009 2007 2008 2009 2010 1.37 1.47 1.39 1.30 63.322 33.212 39.044 110.317 143.243 149.040 162.221 135.032 171.756 138.126 161.947 % 0.55 0.47 0.71 6077 7031 7252 46.850 66.825 60.358 61.128 6.314 13.562 -9.757 -2.266 % 21.5 16.04 3.12 13.8 25.992 37.444 36.754 37.805 34.240 40.600 7.780 18.2 28.320 31.670 2.220 9.510 30.540 34.450 0.410 12.160 29.550 36.990 3.860 15.580 69.292 64.582 72.647 74.390 95.180 93.959 101.166 97.598 105.934 102.547 112.223 113.491 -1.3 5.3 -1.5 0.5 2.120 2.202 0.2058 16.790
* Source : Banque centrale européenne (B.C.E.) . 2011 02 2007 2010 2007 2008 2009 2010 1.37 1.47 1.39 1.30 63.322 33.212 39.044 6.314 13.562 -9.757 -2.266 34.240 40.600 7.780 18.2
* Source : Banque centrale européenne (B.C.E.) . 2011
03 α 1 $ € 1.00 0.90 1.01 $ 0.25 0.25 0.25 € 0.25 0.28 0.23 04 1 9
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01 1991 2007
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