VOL. XXXVI
NO. 35
31-MAY-1993
Financial and Banking News
ECONOMIC INDICATORS
Algeria's Foreign Exchange Reserves Rise
The Algerian Central Bank had foreign reserves of $2bn in May, the highestsince 1986, according to official sources in Algiers. The rise was attributed tofirm debt management and a new trade policy (which has involved importrestrictions). The increase in reserves, which are always subject to largemonth-on-month fluctuations, began in 1991. On 25 May Algeria repaid on the duedate a...
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