Reserve currency has decreased by $6.1 billion over the first five months of 2016 to $136.9 billion, Prime Minister Abdelmalek Sellal announced on June 5. .

After rising steadily since 2006, the reserve currency of the northern African country has been slumping continually since 2014 as a result of a fall in the prices of oil and gas and imports soaring sharply.

Oil and gas represent 95% of Algeria’s external revenues and contribute to 60% of its budget.

The government of Algeria estimated, at the end of 2015, that its reserve currency would decrease by $30 billion throughout 2016.