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Search resuls for: "Abdelmajid Tebboune"


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This black market for foreign currencies is among the signs of the economic woes plaguing Algeria. In the oil-rich North African nation, business owners are rumored to be dumping their assets and scrounging up euros on the black market so their wealth isn't stuck. The government estimates roughly $7 billion worth of foreign currency trades hands on the country's black market. Traders are intimately aware that the gap between the official and black market exchange rate can narrow or widen by the day. The growing chasm between the official and black market rates meant fewer euros are getting into the country, he said.
Persons: isn't, Belamane, Nourdine Sadaoui, Hicham Safar, , , Abdelmajid Tebboune, Karim Allam Organizations: Associated Press, Traders, , Bank of Locations: ALGIERS, Algeria, Algiers, Mecca, Europe's, Lebanon, Nigeria, Bank of Algeria, Ukraine, Europe, Russian
Russian President Vladimir Putin grimaces during his joint press conference with Algerian President Abdelmajid Tebboune (not pictured) at the Grand Kremlin Palace, June,15,2023, in Moscow, Russia. WASHINGTON — Russian President Vladimir Putin said Monday the organizers of an armed mutiny over the weekend will be "brought to justice" and that his military would have put down the rebellion anyway. In exchange for his turning back, a criminal case against Prigozhin was dropped and he was permitted to leave Russia for Belarus. On Monday, Putin said any "armed rebellion would have been put down anyway." Prigozhin has said his goal was never to seize political control of the Kremlin and overthrow Putin, but rather to protest a planned dissolution of his Wagner Group, his private army.
Persons: Vladimir Putin grimaces, Abdelmajid Tebboune, Vladimir Putin, Wagner, Yevgeny Prigozhin, Putin, Prigozhin, Sen, Mark Warner Organizations: Algerian, WASHINGTON —, Wagner Group, Senate Intelligence Locations: Moscow, Russia, WASHINGTON, WASHINGTON — Russian, Russian, Belarus, Minsk, Rostov
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