| Algeria's foreign exchange reserves increased by 2.2 percent to $186.32 billion in late June of 2012, compared to the end of 2011, local media reported Tuesday. Quoting Governor of Algeria's Central Bank Mohamed Laksaci, APS press agency said the reserves, excluding gold, was $182.22 billion in late December 2011, while the external debt which was around $4.4 billion at the end of 2011, was reduced to $3.99 billion in June 2012.
During the presentation of monetary and financial trends in first half of 2012, Laksaci told media that the external current account, key element of the balance of payments, recorded a surplus of $10.8 billion in the context of relative improvement in trade balance and net inflows in title transfers...............................................Full Article: Source
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