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Tabon cautions on weak currency recovery amid $4bn exports
Algeria announced that its non-hydrocarbon exports reached approximately four billion dollars during the first eight months of 2026, representing a 10% increase compared to the same period last year, with the goal of reaching five billion dollars by the end of the year. However, President Abdel Madjid Tebboune warned of the weak repatriation of hard currency export earnings to the country, indicating that part of these revenues are not being repatriated or are delayed. The extent of the problem remains difficult to assess due to the lack of precise data clarifying the amount of unrepatriated or delayed funds. The measures to improve the repatriation of earnings pose a challenge to the Algerian economy, requiring enhanced compliance with the repatriation of foreign deposits and the enforcement of regulations to ensure the strengthening of the country's hard currency resources.
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