Deposits hit record high
Deposits in Algeria's banks in the first half of the year reached record levels of more than AD 3.5 trillion ($50,000 million), according to Banque d'Algerie, the central bank. The country's foreign exchange reserves at the end of June were more than $90,000 million, with 55 per cent of the total held in euros. Total hard-currency deposits in Algeria's state-owned banks, including the central bank, are estimated at AD 1.4 trillion ($20,000 million).
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