Core Insights - The Euro and US Dollar have reached unprecedented highs in the Algerian black market, with the Euro surpassing 290 Dinars on November 26, marking a significant increase of 20 Dinars within a month [1] - The market anticipates that the Euro may exceed 300 Dinars by mid-December and remain above that level by year-end [1] - The surge in currency values is driven by tight supply in the black market, increased demand, and heightened speculative activities [1] Group 1 - The Euro's price has seen a rapid increase, breaking through key thresholds of 270, 280, and 290 Dinars in a short span [1] - The US Dollar has also strengthened, reaching 248 Dinars, matching its previous historical high [1] - Speculative behavior among currency holders is contributing to market volatility, as many are reluctant to sell foreign currency in anticipation of further price increases [1] Group 2 - The official exchange rates remain significantly lower, with the Euro at 150.91 Dinars and the Dollar at 130.62 Dinars, highlighting the dual-track nature of Algeria's foreign exchange system [2] - The widening gap between the black market and official rates exacerbates the challenges faced by importers, students abroad, and those seeking medical care overseas due to increased costs [2] - If the tight supply of foreign exchange persists without significant policy changes, the black market rates are likely to remain elevated or continue to rise [2]