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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Algeria : $ 150 bln foreign exchange reserves at end-July

Posted on 30 September 2010

From Ennaharonline.com: Algeria has $ 150 billion foreign exchange reserves at end-July 2010, an increase of 1.1 billion dollars since December 2009, said Wednesday the chief policies and planning at the Ministry of Finance, Abdelmalek Zoubeidi.
“The financial health of Algeria is excellent and its external financial position remains comfortable” because such a “good volume of official foreign exchange reserves, estimated at 150 billion dollars at end July 2010,” he said……………………………………….Full Article: Source

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