US Edition$8 Billion Lost: Algeria Deprives Itself of a Vital Resource by Neglecting Its Diaspora - The Maghreb Times !
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$8 Billion Lost: Algeria Deprives Itself of a Vital Resource by Neglecting Its Diaspora - The Maghreb Times !
While six million Algerians live abroad, their money transfers largely bypass official channels. This missed opportunity is costing the country’s economy dearly. Approximately six million Algerians reside outside the nation’s borders, with nearly five million in France alone. Yet, the money they send back home barely exceeds $1.8 billion annually, according to World Bank data for 2022. This figure is modest compared to the diaspora’s true potent…
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