Panic in Algeria: The Dinar Collapses to an Unprecedented Level as the Economy Sinks into Irreversible Chaos
Algeria has entered a turbulence zone that resembles a bottomless abyss. This Sunday November 23, 2025, the dinar reached a level beyond comprehension: 100 euros = 28,250 dinars (which means 1 euro is now worth 282.50 dinars). A record, an earthquake, a historic humiliation. The symbol of a state that no longer controls anything. Algeria is sinking.
The dinar has become a useless currency. An empty shell. A piece of paper without value.
In a matter of months, the unimaginable became reality. The dinar is now a ghost currency. Experts no longer speak of crisis but of an uncontrollable drift. They warn that the transition to 1 euro = 300 dinars is imminent. It is a matter of weeks, if not days.
Meanwhile, Algerian citizens no longer have a national economy. They live according to the exchange rate at Square Port Saïd, now considered the unofficial Central Bank, where the real value of the market is determined on the black market. The entire country is paralyzed, strangled by a devaluation that looks like a collective act of economic suicide.
The military state is attempting to justify this disaster with grotesque excuses such as “excessive importation of cars”, “decline in foreign exchange reserves”, “fall in global oil and gas prices”, and even “foreign conspiracy”.
Reality, brutal and undeniable, tells another story. The military regime has drained Algeria to the core. It has turned a nation rich in resources into an economic wasteland, where citizens struggle to buy oil, milk, or even semolina.
Inflation, unemployment, shortages: Algeria is sliding toward a Venezuelan style scenario, or worse, a Zimbabwe like collapse.
The dinar is collapsing and with it the entire Algerian economic system. Uncontrolled inflation, rising unemployment, industrial failure, flight of foreign capital toward Morocco, and the absence of economic vision or reform.
The enormous gap between the official rate and the parallel rate is the clearest sign that a country has lost control of its own economy. A situation comparable to failed states.
The Algerian economy is no longer in crisis. It is clinically dead.
This new record reached by the euro on Sunday is not just a number. It is a verdict. A condemnation. The confirmation that the military system, eaten away by corruption and incompetence, is destroying the last remaining foundations of the country.
The dinar is not collapsing alone. Forty five million Algerians are collapsing with it. The truth is implacable: if the Algerian economy has already fallen, the military regime refuses to fall alone and is dragging the whole country down with it. A national shipwreck, authored by a power that no longer has legitimacy, vision or future.
Translate from Abderrazzak Boussaid’s French article – le7tv
