How many sites use the bundling

Bundling explodes. Internet opens the door to such new concepts that provide access to good quality products at rock-bottom prices. How does it work?

A site directly negotiates a deal (one case) with a manufacturer or a trader at attractive prices conditional on a minimum order. Site members receive preferential prices. Other cases, users come together and negotiate their own prices down to providers. "With a bulk order, I got my TV 23% cheaper as its marketing, and I was among the first delivered in France," says col.bozo.

But is it always a good plan?

For gaetan, a real deal-addict, "is interesting, but it depends on whether one takes the perspective of social shopping site, the merchant or consumer." For many users, the supplier is the fall guy. "There are bargains to be had by side against shopping is much less rosy" Ludovic Smith testifies. "They have an incentive to study well the contracts because practices are more dubious! "Benoit confirmed. Gaetan and adds: "The winner in history, the social shopping site as it takes a commission of 30 to 50%. That's less for the seller. "

Risk to the client?

That the provider can fill the order for lack of time or resources, a miserable experience lived by Emmanuelle A: "I ordered a massage and try to reserve a slot in an institute not well known and more and everything is full so that my right expires in six months. It's a scam! "Another possible setback gaetan pointed to by" the consumer may be disappointed if the benefit is not realized in the same conditions as normal price: menu of lower quality or massage shortened. "His solution:" Do not hesitate to call the shopping day of release to take advantage of the deal from the beginning of the period of validity because it is possible that at the end there is less available or that the merchant be annoyed. "He said he had no problems.

What precautions?

If you are the person who orders on behalf of a group, Gaz0line gives you a tip: "Get all the money before setting the order, otherwise you may be having. You will say "in this case, I keep the products! ". But seven books on the economy post-GDR it does not necessarily interest you! "Ultimate gaetan and valuable advice:" Use an aggregator, a platform that includes a web page all the deals of the day, categorized by city and category. You can receive an email checklist. "

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Life in the tax-free

Life in the tax-free

Thinking of subscribing to a life insurance or you already have one?

Did you know that certain types of life insurance enable the subscriber to inject additional funds?

The type of life we ​​refer to here is the universal life.
If you have money sitting in a bank account, you should seriously consider because the tax shelter is very interesting.

Who is it for there?
To those who have cash or budget surpluses and a high tax rate.

Why is this interesting?
The Universal Life is one of the best tools to cap tax-free that exists outside of RRSPs.

When we talk of succession or retirement needs, the universal life insurance can play an important tax shelter.

In addition to being a product of protection in the event of death, it can be an investment. You can place small and large sums there.

Advantages:

*

If one uses the universal life insurance as retirement income and if we withdraw money from the account, there are only interests to be taxed because the money that place at that location, c is net money and it's not like an RRSP.
*

Leaving money in the account, in case of disability, the law says you can withdraw money tax-free in its entirety, as the side of the interests of capital invested, representing a tax benefit very important.
*

Upon the death, all the money accumulated in the contract, in addition to the death benefit is paid to the beneficiary of the contract, completely tax free.

Limit
There is no real limit. There are people who put 100 000 or $ 200 000 with a snap in this type of insurance where the money grows tax free, except for 2.35% tax paid on departure on the amount purchased.


Council
If you already subscribe to a universal life insurance, you should consider to inject additional funds to place them tax free. If you are considering take out life insurance then consider this option.

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income Insurance

income Insurance

The field of life insurance is complex and a closer look reveals the financial means some good surprises that we hope will enable you to make informed decisions when it comes time to take out life insurance.

If you have the money sitting in a bank account, you will find here some suggestions that may interest you.

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small change

Small change

Your house hides a real treasure!
The average household usually has a pot full of loose change sitting in a corner.

Who has not at home a pot in which it relieves a few times a week the small change he has in his pockets or their purse?

We piled the pennies and the pennies in order to afford a short stay with the kids or a dinner out in next 6 months or to surprise the children when they have been good.

Although the intentions are always good at first, after a while, this little money by staying in over the "pot of pennies" and when the time arrives to spoil it for the new money that is out of our pockets. That's the reality admit it!

Here is a typical example of spending your first day:
This morning, like every morning, you left the house without small change. Obviously because it was filed in the pot hundred last night. Going to the office, we stop and take a coffee by the way, Cost: $ 1.13. Oops! no small change. You leave a small $ 2. It gives you your money, you leave a tip 25 ¢. Now you have 62 cents in loose change. In the afternoon, in lack of energy, you decide to pay a good dark chocolate $ 1.68 (tax included). Again the same reaction, this time you leave a $ 5 bill. You return the money is: $ 3.32, which will probably end up in the pot at the end of the day!

How to use the little money instead of earn?
What can we make this money sitting at the bottom of the drawer or the closet or ... "Where do I fucked my jar of pennies? ..."

To avoid accumulating small change, remember to take your money in the morning before leaving for work and keep it in your pocket. It is important to take different values ​​in parts to avoid having to "break" a banknote with face value (a $ 5, $ 10, or $ 20).

You should have on you at all times $ 1.99 in loose change conveniently distributed as follows:

*

4 to 1 ¢ (penny)
*

3 to 5 ¢
*

3 to 10 ¢
*

2 to 25 ¢
*

1 - $ 1

This way you what it takes to at least pay the exact amount of your first coffee in your day and a little more in case of an extra.



Another way to enjoy the money sitting in our drawers.

It is difficult to know the amount of money sitting in our drawers but it has this number in the hundreds of millions of dollars. If you can not discipline yourself, use another way to return your loose change in the economy. Here are some ways:

*

Roll your money yourself and return it to the bank
*

Use the self-service coin counting (eg Coinstar)
Although fees apply, this service can be very useful for those who do not want to "roll" their currencies. These machines can sort and count to 600 parts per minute. It issues a receipt that you exchange at the counter. As is done with the return of empty bottles.
For larger amounts we may need to contact the coin counter for assistance.



Advice
Go with the currency in the morning and remember to check if you have the exact account before paying every purchase. Then you will not earn more than pocket change than normal.

If you can not discipline yourself, use another way to return your loose change in the economy

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A bonus for opening a savings account

A bonus for opening a savings account

Did you know that a simple small amount is enough to save? Some banks require their customers to maintain a "minimum balance". If you do not maintain minimum balance in your account then they charge you for "service fees".

Silver who sleeps believes that it should be rather easy to save. And that this should be profitable for you.

And if you were offered money to open a savings account at a bank recognized worldwide?

This is what the ING DIRECT!

Now open a savings account at ING DIRECT.

What types of accounts offer ING DIRECT?

*

Investment Savings Account (ISA)
*

Investment Savings Account RSP (RSP ISA)
*

Savings Account tax-free investment (PEA)
*

Investment Savings Account U.S. $ (U.S. $ ISA)
*

(GICs)
*

RSP Guaranteed Investment (GIC RSP)
*

Short Term Guaranteed Investment (GIC)
*

RSP Guaranteed Investment short term (RSP GIC)
*

A Guaranteed Investment (GIC) tax-free short-term (TFSA)
*

(GICs) free (TFSA) reporting more


Just be sponsored to receive a bonus of $ 13 to open your first account. Sponsorship is via the "Orange Key" that you will need to enter when opening an account.

Money sitting now offers you the chance to get the bonus of $ 13 and start putting your money in a real account and real bank also thinking of you!

To open an account with ING Direct and receive bonus $ 13 click:
YES I want to become a saver and be sponsored by Silver sleeping

Happy savings!



Council
Take advantage of this time it is presented to you. Everyone needs a savings account and why not take advantage of better market conditions banker.

Let's get at your wife, your daughter, your son, your family and friends!
My 8 year old daughter took the opportunity so why not you?

The money is there sleeping ...
Enjoy a $ 25 bonus. We offer!

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Free Savings Account (TFSA)

Free Savings Account (TFSA)

Savings Account tax-free (also called a TFSA) is available from January 2009 but with all the banks have been offering in October 2008.

In fact, you can open an account even before the arrival of 2009. The program of tax-free savings adopted by the federal government will allow all Canadian residents aged 18 years or more of their money to work more.

Money deposited in this account are not tax deductible. However, the investment income generated will not be taxed even when withdrawn.

Limit
Up to $ 5 000 per year can be paid into the registered savings account.

Is the TFSA is tax-free provincially?
Yes, the government of Jean Charest was eager to bring the TFSA with federal mechanisms. So levels are cooperative and do not push the gains. This is also the main attraction!

Unused contribution room
The unused contribution room can be carried forward to future years.

When can I withdraw money from my TFSA?
You can withdraw money from your TFSA at any time and for any purpose.
You may return later in the TFSA amount withdrawn, without reducing your contribution.

Can we contribute to the TFSA of our spouse as we can do to an RRSP?
You can contribute to the TFSA of your spouse and, upon death, assets held in a TFSA may be transferred to the spouse.

Difference between a TFSA and an RRSP - A concrete example:
Paul withdraws $ 20 000 from his TFSA tax-free to buy a house. Later, he may pay the same amount again as a TFSA without reducing contribution room. Had he used his RRSP, he should withdraw up to $ 37 000 to pay the tax and the purchase price of his country house, and he would have lost contribution room.

council
Get the sooner this tax relief offered by the Government and all the interest income will remain in your pocket. This is what called AQD Money sleeping!

Everyone can and should enjoy the benefits of savings account tax-free.

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Example of unclaimed balance

Example of unclaimed balance

Here you will find examples of unclaimed true (as of February 15, 2010). Some people have much money in forgotten accounts for years or even 30 years and more! It is difficult to believe that some people forget the existence of bank accounts belonging to them.

Where does this money, these maggots forgotten?
These large and small treasures sometimes come to an oversight, sometimes death, which only the deceased knew of the account. Sometimes, after moving away, in another province for example, the account owner drops the steps to obtain or recover his money, considering that this is too much effort. Then, it can also be a bankrupt. In general, small business owners facing bankruptcy prefer to give up. The trustee in bankruptcy while ignoring the existence of these accounts are allowed to sleep in the bank and they are forgotten.

Example of unclaimed balance
Name Date of transfer to
Bank of Canada Balance

EMMA ABRAHAM


1979/12/31


$ 5596.67

THERESA ABRAHAM


1976/12/31


$ 3824.65

BERNARD WALKER


1979/12/31


$ 1589.98

BAZEL BERNARD


1988/12/31


$ 2768.11

CLEOPHILE BRODEUR


2001/12/31


$ 551.01

EMMA TANGUAY



2005/12/31


$ 357.08

HARRY SMITH



1948/12/31


$ 1011.54

JESSIE SMITH


1980/12/31


$ 2583.53

FLORENCE LAVERDURE


1989/12/31


$ 61.53

GINETTE LAVIGUEUR


2004/12/31


$ 71.34

Blanchette, Thias (ESTATE OF)


1990/12/31


$ 13,518.05

Believe it or not, at the end of December 2008, nearly 1,023,000 unclaimed balances, worth a total of about $ 351 million were recorded in the records of the Bank of Canada. More than 93.5% of these were less than $ 1 000, representing 31.7% of the total value. The oldest balance dates from 1900.

How to claim a balance that is believed to own?
In fact it is not very complicated. Anyone can claim a balance he believes to be the legitimate holder of the unclaimed balance of a savings account, a checking account. Also, you can claim a balance as heir or as an agent of an organization.

A simple search with The Bank of Canada lets you know if you have a balance in your name sleeping in their chest. If you think owning the balance, simply fill out the form and you're done.

How ArgentQuiDort can help you to claim a balance balance?
If you wish, ArgentQuiDort can do this research for you and help you in your approach.

If so, please send to our address:
- Your full name and
- The cities where you think you have opened a bank account and you forget to close your account.

WARNING! Above all, do not send confidential information such as your social insurance number, date of birth, current address.

Council
To determine whether an account at a bank contains an unclaimed balance, contact us or visit the Bank of Canada, you can also search for one or more deposits in a trust company, federally incorporated.

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unclaimed money

unclaimed money

Have you ever to forget something important? I think no one is immune from such oversight. You or perhaps even deceased parents who said they had never had a bank account may have an unclaimed balance in a bank?

What is unclaimed balance?
The Bank of Canada defines an "unclaimed balance" as a Canadian dollar deposit held by a Canadian bank, trust company or loan company in Canada. This may be a deposit account, bank draft, certified check, a deposit receipt, money, a guaranteed investment certificate (GIC), a term deposit, a balance of credit card or traveler's check.

Before 2007 the Bank of Canada is responsible for storing, or on behalf of the holders, balances that have not been claimed for a period of 10 years and whose owners can not be found by the institution where the funds are deposited . Since the passage of Bill C-37 29 March 2007, the balances will be retained for a total period of 40 years to be a prescription. Except for balances under $ 1,000 will be retained even after 40 years.

Note that the deadlines are different depending on the province and country.
See the table of unclaimed right now in Quebec.

How to claim a balance and can claim a balance?
Anyone can claim a balance he believes to be the legitimate holder of the unclaimed balance of a savings account, a checking account or negotiable instruments.

You can claim a balance as heir or as an agent of an organization.


Council
To determine whether an account at a bank contains an unclaimed balance, see the Bank of Canada or the site of unclaimed property in Quebec, you can also search for one or more deposits in a trust company, to federal charter.

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French victory hits Wellstream

If you're in the oil business and your shares are falling faster than those of BP, then something is clearly amiss.

While BP wrestles with the PR disaster of a giant oil slick in the Gulf of Mexico, the harbinger of the day's doom for oil services firm Wellstream was its failure to win a potentially lucrative contract in the exciting Brazilian market.

The group watched as French rival Technip snatched an offshore development contract with Petrobras from under its nose.

Shut out: Wellstream failed to win a lucrative contract in the Brazilian market

Analysts at Oriel Securities are reading plenty into Wellstream being beaten into second place.

The failure to win the contract, says Oriel, casts doubt on whether the firm can be successful in Brazil's deep water market.

Investors had hoped to see Wellstream pip the French to the post and had perhaps priced such an eventuality in, as it lost 50.5p to 600.78p. Waterstone's owner HMV also took a hit, losing 6.8p to 72.65p, as it blamed poor January trading on the freezing weather conditions.

Online gambling firm 888 Holdings slid for the second day in a row, shedding 1.7p to 80p after investors took fright at a slowdown in the past four weeks.

Still, the company's results have been otherwise strong and ongoing relaxation of gambling laws in Europe and, potentially, in the US means there is plenty of upside for the stock in the months to come.

The most surprising name on the list of fallers was hospitality group Whitbread, which dropped 38p to 1552.4p, despite reporting a booming year for its Costa coffee shops.

Investors may have been worried by declining like-for-like sales in its Premier Inns budget hotels - but the division has outperformed major rivals amid the recession. Planned expansion under chief executive-to-be Andy Harrison, formerly of easyJet, is cause for optimism and looking ahead.

The Footsie was in rebound mode, after a period beset by persistent fears about the impact of Greece's debt crisis on European markets.

The index gained 31.23 points at 5617.84, albeit on low volumes as traders sit tight ahead of the Bank Holiday weekend.

The Dow was also up, adding 121.9 points by the middle of the session to 11167.17, after the Federal Reserve decided to keep the benchmark interest rate at a record low.

But the Footsie's rebound did nothing to lighten the mood at Game Group, a recession struggler which was plunged into even more dire straits after the recent resignation of chief executive Lisa Morgan.

Analysts are consistently gloomy about the group's prospects in the face of aggressive computer games discounting by mammoth supermarket chains, while there is a distinct lack of big name consoles slated for release any time soon. The group lost 0.55p to close at 95p, some 52 per cent below last year's level.

But there was plenty to smile about for Intercontinental Hotels, which enjoyed the read-across from US hotel firm Starwood's results.

The American chain's first-quarter results smashed through analysts' expectations and IHG, whose hotels occupy a similar end of the market to many of Starwood's got a leg-up as a result, finishing top of the blue-chips, up 65p at 1126.3p.

The group is nearing the final stages of a modernisation of the Holiday Inn brand, which it will debut in a £65m advertising campaign due to start on 3 May.

Diageo also enjoyed a boost from a foreign competitor, rising 28p to 1132p as France's Pernod Ricard reported third quarter sales ahead of forecasts and lifted its full-year earnings expectation.

Kitchen cabinet maker Galiform charged ahead too, as trading picked up after a slow start to the year due to the carpet of snow that blanketed Britain for weeks.

With the scent of spring already wafting through the air, sales have returned to levels comparable with last year. The stock gained 4.05p, closing at 82.43p.

Scanner specialist Kofax jumped 7.5p to 246p as its software business performed better than expectations, helped by the acquisition of 170 Systems last September.

Production at copper miner Kazakhmys has increased from the previous quarter, putting it on track to meet full-year forecasts. The miner gained 53p to 1416p, but rival Eurasian Natural Resources - also focused on Kazakhstan - did even better from the news and rose 55p to 1225.6p.

And UK Coal began clawing its way out of the cellar after a difficult week which saw it call off merger talks with Hargreaves Services after making a loss for 2009.

However, there was little that was unexpected about the group's lacklustre performance in 2009 and investors warmed to the stock a little, giving it a 2.75p boost to 53p.

By Rob Davies

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Oil spill off U.S. coast set to become worst in history as 210,000 gallons gush out a day and Obama demands BP pay for it

A giant oil spill off the coast of the U.S. could become the worst in history, it was feared last night.

President Obama has offered military planes, ships and equipment to help BP stem the oil spewing from a well beneath the rig which exploded and sank in the Gulf of Mexico last week.

But experts said the unprecedented containment operation was unlikely to prevent strong winds pushing the slick, which has a circumference of 600 miles, to the shoreline by tonight.

Ablaze: A fleet of tugs attempt to extinguish the fire on the sinking oil rig Deepwater Horizon, off Louisiana

Threat: A boat tries to scoop up some of the spill using an oil boom

This would put swathes of marine wildlife in danger.

Five times more oil than BP estimated is gushing into the ocean each day – about 5,000 barrels, or 210,000 gallons.

And the cost of cleaning it up will fall on London-based firm BP, the White House said today.

Barack Obama's spokesman Nick Shapiro said the President has ordered his administration to aggressively confront the oil slick that is spreading over the Gulf of Mexico and oozing ever closer to the coast.

The military is working to determine how its array of aircraft, ships and equipment might be able to assist the clean-up operation.

Lethal: A satellite image taken on Monday by DigitalGlobe shows vessels working to clean up the oil slick

The DigitalGlobe images clearly show the oil slick floating on the surface of the water as clean-up crews attempt to stem the flow

Although the Coast Guard and other federal agencies are supporting the clean-up, Mr Shapiro said BP will be required to pay for it.

Shocked experts have discovered a new leak at the site - meaning it is pumping out around five times more oil into the ocean than previously thought.

The revelation has sparked expert fears that the spill could become one of the worst in history.

As the spill advances, experts have started to quarrel over the extent of the damage, with one official from BP, which leases the rig, claiming he did not believe the newly discovered leak had increased the amount of oil spilling into the water beyond earlier estimates.

A graphic posted by the U.S. coastguard and the industry task force fighting the slick shows its approximate location

But U.S. coastguard Rear Admiral Mary Landry disagreed with his statement at a news conference and said she was relying on a new estimate from the National Oceanic Atmospheric Administration.

She said NOAA experts now estimated 5,000 barrels of oil a day were spilling into the gulf from the rig which exploded and sank last week. Officials had estimated the leak for days at 1,000 barrels a day.

Doug Suttle, chief operating officer for BP, said he thought the estimate of 1,000 barrels a day was accurate. He showed a diagram showing where the leaks were and said the newly-discovered leak was upstream from the previous leaks.

'Due to its location, we do not believe this changes the amount currently believed to be released,' he said.

When asked again, Rear Adm Landry stuck to the NOAA estimate and said it was based on aerial surveys, study of the trajectory of the oil slick and other factors.

The shock news came hours after crews tried a test burn on the massive spill to try to slow it from reaching the U.S. shoreline.

Snapshot of disaster: Four hundred miles out in space, Nasa's Aqua satellite has taken pictures of the oil slick in the Gulf of Mexico

Mr Obama had been briefed on the new information and the government had offered to have the Department of Defence help contain the spill and protect the shoreline and wildlife, she said.

Late last night crews started a test burn on the massive spill, which Rear Adm Landry said was successful.

BP, which operates the rig, had planned to continue the oil fires after the test, but as night fell, no more were lit. The burns were not expected to be done at night.

Crews planned to use hand-held flares to set fire to sections of the massive spill. They turned to the plan after failing to stop a 1,000-barrel-a-day leak at the spot where a Deepwater oil platform exploded and sank.

A 500ft boom was to be used to corral several thousand gallons of the thickest oil on the surface, which will then be towed to a more remote area, set on fire, and allowed to burn for about an hour.

They had estimated about 42,000 gallons of oil a day was leaking into the Gulf from the blown-out well drilled by the Deepwater Horizon oil rig.

From the air, the thickest parts of the spill resembled rust-coloured tentacles of various thickness

That would be closer to 210,000 gallons a day with the new estimates. Eleven workers are missing and presumed dead. The cause of the explosion has not been determined.

Greg Pollock, head of the oil spill division of the Texas General Land Office, which is providing equipment for crews in the Gulf, said he was not aware of a similar burn ever being done off the U.S. coast.

The last time crews with his agency used fire booms to burn oil was a 1995 spill on the San Jacinto River.

More...

• Visible from space, the giant oil slick oozing towards America's Gulf Coast

The oil has the consistency of thick roofing tar.

When the flames go out, Mr Pollock said, the material that is left resembles a hardened ball of tar that can be removed from the water with nets or skimmers.

A graphic posted by the coastguard and the industry task force fighting the slick showed it covering an area about 100 miles long and 45 miles across at its widest point.

'It's premature to say this is catastrophic. I will say this is very serious,' said Rear Adm Mary Landry.

In this aerial photo taken in the Gulf of Mexico, the oil slick is seen eight miles off the Southwest Pass of the Mississippi River at the southern tip of Louisiana

From the air, the thickest parts of the spill resembled rust-coloured tentacles of various thickness.

The air was thick with the acrid smell of petroleum.

More than two dozen vessels moved about in the heart of the slick pulling oil-sopping booms.

Earlier, Louisiana State Wildlife and Fisheries secretary Robert Barham said government projections showed a 'high probability' oil could reach the Pass a Loutre wildlife area by tomorrow night, Breton Sound on Saturday and the Chandeleur Islands on Sunday.

As the task force worked far offshore, local officials prepared for the worst in case the oil reached land.

The decision to burn some of the oil came after crews operating submersible robots failed to activate a shut-off device that would halt the flow of oil on the sea bottom 5,000 feet below.

BP says work will begin as early as today to drill a relief well to relieve pressure at the blowout site, but that could take months.

Another option is a dome-like device to cover oil rising to the surface and pump it to container vessels, but that would take two weeks to put in place, BP said.

Industry officials say replacing the Deepwater Horizon, owned by Transocean, would cost up to £460 million. BP has said its costs for containing the spill are running at £4 million a day.

The company said it would spend £66million to drill the relief well.

By Mail Foreign Service

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£17billion wiped off BP shares as oil slick reaches U.S. coast in 'worst spill in history'... and Obama says they will pay

Nearly £17billion pounds have been wiped off BP shares as an oil spill that is threatening to eclipse the Exxon Valdez disaster spread out of control and started washing ashore along America's Gulf Coast early today.

Fishermen rushed to scoop up shrimp and crews spread floating barriers around marshes in a desperate attempt to stave off an environmental disaster.

BP was also facing financial disaster as the company lost £16.9billion in market value and U.S. President Barack Obama announced they will foot the bill for the clean-up.

The company is currently bleeding £4million a day as the crisis spreads out of control.

No way to stop it: Rough winds and waves push against an oil boom set up in a flimsy effort to protect the Louisiana coast yesterday

Impending danger: A Greenpeace image taken yesterday shows birds flying over the oil on the waters near Breton Sound Island in the Gulf of Mexico

Now American shrimpers in Louisiana and Alabama have filed class-action lawsuits against BP and owners of the drilling platform in a move that could open the floodgates.

The company is facing further financial pain after the White House said it would foot the bill for the clean-up. The final tab could run into the billions.

But its financial troubles pale in comparison to the environmental - and economic - disaster threatening the U.S. coast from the spill that threatens to overtake the Exxon Valdez disaster.

By Mail Foreign Service

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US Dollar rallies on the black market while Euro is reeling in the banks

U.S. dollar rallied against the Algerian Dinar on the black market surging from 860 to 910 AD at the moment where $ 100 was exchanged at a level of 8300 Algerian Dinars last November.

• The US currency’s rally on the informal market is due to the actual Dollar/euro parity as the US bill leveled off against the European currency both in the banks and the black market, Echourok has noticed.
• The Euro/Algerian Dinar parity has been fixed by the Algerian Bank for Sunday’s exchange to 1 Euro against 10.55 Algerian Dinars.
• The value index of the US dollar has been fixed to 767 Algerian Dinars for Sunday’s exchange, while it exchanged at a level of 910 Algerian Dinars on the black market. However, the Algerian citizens are forced to turn to the black market to acquire hard currency because the Algerian legislation allows its selling for importers and exporters only.
• By contrast, the European currency plummeted on the black market against the Algerian Dinar felling from 12.65 Algerian Dinars for 1 Euro to 10.25 AD for 1 Euro, a sharp shrink in comparison to last October and November.
• The rally of the US currency on the black market is contrasted by the fall of Euro in the major stock exchanges across the world. 100 Euros equaled $ 147 two weeks ago while the parity Dollar/ Euro narrowed to 100 Euros for 136 Dollars.
• Specialists have attribute the rise of the US Dollar on the black market and the collapse of the Euro in banks to the two main reasons; the first is the fall of the European value in comparison to the Dollar on the international market, which impacted on the hard currency in Algeria, the second reason is due to the increase of the informal businessmen’s activities pulling the dollar’s value upward.

by echoroukonline

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