US EditionWhy the Black Market Hasn't Smoked Yet
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The transfer of funds from the Algerian diaspora takes mostly informal channels, unlike those of its Maghreb neighbours. This situation deprives the country of valuable currencies and reflects structural economic distortions. The exchange rate differential is the main driving force behind this massive trend towards the parallel market. The central reason for this flight of transfers to the informal lies in the significant gap between the officia…
Two years after the partial cannabis legalization, the legal market could develop. Nevertheless, much remains to be done, says Christophe Tamai of the Cannathèque.
·Luxembourg City, Luxembourg
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