Supporting mechanisms of the Algerian foreign exchange reservesin light of the decline in world oil prices during the period 2008-2015

Abstract

The aim of this study is to determine the necessary short and long-term mechanisms to maintain an acceptable level of foreign exchange reserves, given the decline in oil prices on the global level. Recently, the State suffers from a shortage in foreign exchange resources. With the oil boom of 2003-2014 and the expansionary policies, it turns out that it is necessary to build an economy capable of coping with external shocks, and to be independent of oil revenues, proved to be unstable and not renewable. Thus, we have to think of other alternatives and to consider future generations by building an economy, which relies on different skills