Algeria

Foreign Exchange Reserves

5768.3
billion currency units
Aug 16Dec 16Apr 17Aug 17Dec 17Apr 18Aug 18Dec 18Apr 19Aug 19Dec 19Apr 20Aug 20Dec 20Apr 21Sep 210.0003.50k7.00k10.50k14.00k
  • Algeria
  • Global Median
Source: IMF

Definition of Foreign Exchange Reserves

Foreign exchange reserves consist of foreign currency, deposits denominated in foreign currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities to finance trade imbalances, check the impact of foreign exchange fluctuations and address other issues under the purview of the central bank.

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