The North Africa Journal – 5 April 2018: The informal foreign currency exchange market (forex) in Algeria is more vibrant than ever, and continues to expand. The use of such market is widespread because of an ineffective financial sector and regulations that are outdated amid government policies that incentive such black market. Although the situation is bad, it is likely to get even worse. For several months, there have been rumors of an upcoming devaluation of the dinar and so Algerian buyers are essentially accelerating their purchases of foreign currencies in the informal market in anticipation of an upcoming devaluation.
