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Algeria’s reserves

June 04, 2006

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ALGIERS, June 3: Algeria’s foreign currency reserves reached a record $64 billion at the end of April this year, the country’s finance minister Mourad Medelci told the state news agency APS on Saturday.

“These reserves at end of April, 2006 stood a the equivalent of more than three years of imports,” he added.

They were at $62 billion in March this year and at $56.18 billion at the end of 2005, he said.—Reuters