ALGIERS Eddie Vanderdoes Big and Tall Jersey , Sept. 26 (Xinhua) -- Algeria said Tuesday that its foreign exchange reserves could fall to 97 billion U.S. dollars by the end of December 2017, the lowest since the continuing downward trend started from 2014.
Algerian Finance Minister Abderrahmane Raouya made the announcement before the Finance and Budget Committee of the People's National Assembly, saying that it is also the first time that the foreign exchange reserves are less than 100 billion dollars.
The government announced that the amount of 100 billion is a red line for national security.
The decline in foreign exchange reserves could be explained by the fall of oil prices Obi Melifonwu Big and Tall Jersey , which began in the second half of 2014, from 117 dollars per barrel to just 27 dollars in February 2016 and rebound to nearly 60 dollars recently.
The other factor that contributed to the acceleration of the decline of foreign exchange reserves was the value of the import bill.
According to a report by the International Monetary Fund (IMF), Algeria's foreign exchange reserves peaked at 194 billion dollars at the end of 2013. The amount decreased to 178 billion at the end of 2014 and 143 billion in 2015. It further shrank to 114 billion dollars at the end of 2016.
In order to limit imports and reduce the expenditure of foreign exchange Gareon Conley Big and Tall Jersey , the government had put forward the policy of license system for all imported products.
Prime Minister Ahmed Ouyahia said last week that his government will resort to non-traditional funding to save Algeria from severe economic crisis. He said the public treasury will turn to the central bank rather than borrowing foreign debt.
Some local financial experts worried that these measures would cause depreciation of the currency and vicious inflation.
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COLOMBO, July 13 (Xinhua) -- Sri Lanka on Thursday began criminal investigations into a deadly 2012 prison riot.
The police said the Criminal Investigations Department (CID) had commenced investigations into the Welikada prison riot.
The riot in 2012 left 27 inmates dead and several others injured. The riot broke out during a search for illegal arms.
The government had appointed a committee to investigate the riot and a report was compiled on the incident but it was not made public.
In January, the Human Rights Commission in Sri Lanka (HRCSL) recorded a statement from journalist Kasun Pussewela over the riot Karl Joseph Authentic Jersey , who had filed a petition at the HRCSL.
Pussewela had sought an investigation into the incident, saying there was ample evidence to prosecute those who were responsible for killing prisoners and taking part in the riot.
The HRCSL obtained written evidence from Pussewela as well as video and photographic evidence.
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