Algeria's black market for foreign currency underlines its economic woes
Associated Press
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A man holds Algerian and European, top, bank notes Friday, Feb. 9, 2024 in Algiers. In Algeria, people have long relied on foreign currencies to buy imported items in short supply or finance their children's educations abroad. But the value of the Algerian dinar has recently swung wildly on the country's black market as its value has plummeted compared to euros, pounds and dollars. The oil-rich country's large black market for foreign currency is among the signs of its economic woes. (AP Photo/Anis Belghoul)A man shops in a store, Friday, Feb. 9, 2024 in Algiers. In Algeria, people have long relied on foreign currencies to buy imported items in short supply or finance their children's educations abroad. But the value of the Algerian dinar has recently swung wildly on the country's black market as its value has plummeted compared to euros, pounds and dollars. The oil-rich country's large black market for foreign currency is among the signs of its economic woes. (AP Photo/Anis Belghoul)A man checks the bill in a grocery store, Friday, Feb. 9, 2024 in Algiers. In Algeria, people have long relied on foreign currencies to buy imported items in short supply or finance their children's educations abroad. But the value of the Algerian dinar has recently swung wildly on the country's black market as its value has plummeted compared to euros, pounds and dollars. The oil-rich country's large black market for foreign currency is among the signs of its economic woes. (AP Photo/Anis Belghoul)A woman shops in a grocery store, Friday, Feb. 9, 2024 in Algiers. In Algeria, people have long relied on foreign currencies to buy imported items in short supply or finance their children's educations abroad. But the value of the Algerian dinar has recently swung wildly on the country's black market as its value has plummeted compared to euros, pounds and dollars. The oil-rich country's large black market for foreign currency is among the signs of its economic woes. (AP Photo/Anis Belghoul)
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A man holds Algerian and European, top, bank notes Friday, Feb. 9, 2024 in Algiers. In Algeria, people have long relied on foreign currencies to buy imported items in short supply or finance their children's educations abroad. But the value of the Algerian dinar has recently swung wildly on the country's black market as its value has plummeted compared to euros, pounds and dollars. The oil-rich country's large black market for foreign currency is among the signs of its economic woes. (AP Photo/Anis Belghoul)