NO. 3


Financial and Banking News


Government Sidesteps National Assembly and Raises Prices on Basic Goods

Algerian Commerce Minister Ahmad Fodil Bey has announced two sets of priceincreases on basic items. From 19 October prices of milk, cooking oil, sugar andmaize will rise by up to 200%. On 16 October prices of petrol and bottled gaswere raised. The moves apparently do not fall foul of a National Assemblydecision taken in August not to cut subsidies on basic...