Food costs worry Algerians heading into Ramadan celebrations
During the holy month of Ramadan, many Algerians face financial challenges in affording traditional feasts due to a decline in purchasing power, despite the country's oil and gas wealth. Food prices have increased significantly, affecting the ability of…
During the holy month of Ramadan, many Algerians face financial challenges in affording traditional feasts due to a decline in purchasing power, despite the country's oil and gas wealth. Food prices have increased significantly, affecting the ability of many to participate in customary celebrations.
Government Measures to Address Speculation
In response to concerns about rising prices, the Algerian government has implemented measures to curb speculation during Ramadan. Despite these efforts, prices have continued to climb. The government, aiming to prevent social unrest, has pledged economic support, including the importation of livestock to make meat more accessible.
Livestock Imports and Community Support
The government has announced plans to import 144,000 sheep and 46,000 cattle to ensure the availability of meat during Ramadan. Local mutton and cattle, typically favored for their quality, have become unaffordable for many. In addition, civil society initiatives, such as the transformation of restaurants into soup kitchens, provide support to those in need.
During the holy month of Ramadan, many Algerians face financial challenges in affording traditional feasts due to a decline in purchasing power, despite the country's oil and gas wealth.
Algeria's economic challenges are highlighted by the disparity between official and informal exchange rates, impacting the purchasing power of its citizens. The average salary is reported at 42,800 dinars, equivalent to 329.5 US dollars or approximately 307 euros at official rates, but significantly less in the informal market.
Based on reporting by Africanews.
