By Reuters Staff

       1 Min Read

       ALGIERS (Reuters) -Algerian Prime Minister Abdelaziz Djerad resigned on Thursday, opening the door for President Abdelmadjid Tebboune to name a new cabinet, state TV said.

       A new government will have to tackle a deep financial and economic crisis due to a fall in oil prices.

       Djerad’s resignation follows a parliamentary election on June 12 that was marked by a low turnout and no majority winner after two years of mass protests and political turmoil.

       The military-dominated establishment believes replacing the parliament and constitution is the best way to end the biggest crisis in decade, a source told Reuters. The Hirak protest movement is demanding an uprooting of the entire system.

       Algeria remains an important gas supplier to southern European countries, and is a U.S. partner in the fight against Islamist extremists in the region.

       Reporting by Lamine Chikhi;Editing by Alison Williams and Philippa Fletcher

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