Insurance against exchange risks to be launched soon

For several months, numerous companies importing equipment and raw material goods have voiced serious concerns regarding the depreciation of Algerian dinar. Said companies are hoping to be endowed with tools enabling them to hedge their exposure to national currency fluctuation, particularly important since the decline of oil prices.

Algeria’s central bank, which has been entrusted with the matter, is working in association with the International Monetary Fund (IMF) for the establishment of an insurance scheme hedging exchange fluctuation risks, a coverage due to be available in current 2016.