AlgeriaLive

The phenomenon explodes! Why now ? (Expert)


Algeria – In just one week, four illicit transfer operations of several hundred thousand Euros were aborted. The proportion that the phenomenon takes worries and challenges

"The loss of value of the national currency explains the all-out purchases of foreign currency and their transfers abroad". This is believed to know, the expert in economics, Mohamed Hachmaoui, who answers questions from the team of Algerian Television Ennahar TV.

Another element mentioned by the expert, the difficulties of investing in Algeria. "The great difficulties and the complexity faced by investors in the field hampers the act of investing. What drives people to invest abroad, "he says.

Finally, Mr. Hachmaoui mentions another factor that he considers just as relevant: "The fact that this money comes from the parallel market. And therefore can not be banked, "he says.

See also: Unusual: 110,000 euros hidden in baby diapers at Algiers airport

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