NO. 9


Financial and Banking News

Budgets & Revenues

Algeria's Current Account Swings into Surplus

Algeria has posted a current account surplus of $1,420mn for 1990, thebiggest since it started submitting data to the IMF in the early 1960s. Thesurplus was the result of a huge increase in merchandise exports - the result ofincreased oil and gas prices - while imports were kept at normal levels. Thetrade surplus for 1990 is more than three times that recorded in the...