Revue Finance & marchés
Volume 13, Numéro 1, Pages 136-154
2026-03-21
Assessing The Dynamics Of The Algerian Dinars Competitiveness: A Real Exchange Rate Approach
Authors : Zouar Ahmed . Boudhraf Djilali .
Abstract
In our study, we directly calculated Algeria's real effective exchange rate (REER) using the IMF methodology. We began by identifying Algeria's main trading partners. Then we constructed an annual time series (1999–2019) and tested its stability using the Extended Dickey-Fuller (ADF) test with Eviews 12 software, confirming its stability at 5%. Our results are largely consistent with IMF figures and support the validity of purchasing power parity in Algerian context. Finally, we conclude that Algeria's real effective exchange rate is generally in line with economic fundamentals and that the Algerian dinar is fairly valued against partner currencies, thus enhancing competitiveness.
Keywords
real exchange rate ; real effective exchange rate ; competitiveness ; purchasing power parity ; Algeria
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