A Currency in Clinical Death: 1 Euro Soon at 300 Dinars
A currency shattered, humiliated, rejected by international markets, and abandoned by investors as well as by citizens. The Dinar is collapsing faster than trust in the grotesque speeches of state propaganda.
It is enough to recall that in the early 1980s, one Dinar was almost equal to one Moroccan Dirham to understand the magnitude of the collapse. Today, it is nothing but a piece of paper without value, credibility, or future.
The downfall of the Dinar is not an accident. It is the symptom of a collapsing state, with a senile President, real power held by a handful of aging generals who are divided and outdated, a frozen and locked political landscape incapable of proposing any solution, and a mono-export economy entirely dependent on gas, unable to diversify.
In this institutional chaos, international investors are fleeing and global markets no longer grant Algeria the slightest degree of trust. A deep, logical, and legitimate mistrust has taken hold.
Inevitable Bankruptcy: The Regime Has Only One Weapon Left… Printing Money
Unable to negotiate international loans, weakened diplomatically, isolated politically, and contested socially, the Algerian military regime has only one method of survival left: printing money, again and again.
This so-called unconventional financing, meaning mass currency printing, destroys the national currency, makes savings vanish, fuels poverty, and sets the stage for uncontrollable hyperinflation.
But the more the regime prints, the faster the Dinar collapses. The faster the Dinar collapses, the more foreign currencies skyrocket. And the more they skyrocket, the poorer the people become.
The vicious cycle has begun. Nothing will stop it.
Welcome to the “Venezuelan Scenario”
The comparison with Caracas is no longer a journalistic exaggeration. It is a harsh economic reality.
A shattered currency. Explosive inflation. Reserves in free-fall. Capital flight. A paralyzed economy. A dominant black market and escalating poverty.
Venezuela did not collapse in a single day. Algeria isn’t either. But the mechanism is exactly the same, driven by an authoritarian regime that is ideological, incompetent, and unable to adapt to the modern world.
A Whole Country Marches Toward the Inevitable
Algeria is currently facing a general collapse that remains unspoken. The generals manipulate statistics, suppress protests, invent imaginary enemies… but reality always prevails.
The Dinar is dying. Power is trembling. The economy is collapsing. And the people, once again, will be the ones paying the highest price.
The Venezuelan scenario, once considered extreme, is now the only foreseeable trajectory for a state seized by a mafia regime determined to maintain power at any cost.
History will remember that Algeria had everything to succeed… but its destiny was confiscated by a system that was arrogant, incapable of building anything, yet remarkably skilled at destroying everything.
Translated from Abderrazzak Boussaid’s French article – le7tv