Bank of Algeria explained

Bank of Algeria should not be confused with Banque de l'Algérie.

Bank Name In Local:	بنك الجزائر (Arabic)
Ownership:	100% state ownership^[1]
Reserves:	billion (2023)^[2]
Headquarters:	Algiers, Algeria
President:	Salah Eddine Taleb
Leader Title:	Governor
Bank Of:	Algeria
Currency:	Algerian dinar
Currency Iso:	DZD
Established:	13 December 1962
Website:	http://www.bank-of-algeria.dz/

The Bank of Algeria (Arabic: بنك الجزائر , French: Banque d'Algérie) is the central bank of Algeria. The bank is located in Algiers and its current governor is Salah Eddine Taleb. It was established following Algerian independence in 1962 by Seghir Mostefai, expert for the "Exécutif provisoire" and member of the Algerian delegation at Evian negotiations, to take over the former activities in the country of the Banque de l'Algérie, the colonial central bank of French Algeria.

The Bank of Algeria sets the conditions under which banks and financial institutions in Algeria and abroad can be allowed to be in Algeria and to operate there. It establishes, moreover, the conditions under which such authority may be amended or withdrawn.

The organization of the bank includes the Conseil de la Monnaie et du Crédit, the Commission Bancaire (Banking Commission) and the Bank of Algeria itself.

Governors

• Seghir Mostefaï, 1962 - 1981
• Mahfoud Aoufi, 1981 - 1982
• Rachid Bouraoui, 1982 - 1985
• Bader Eddine Nouioua, 1985 - 1989^[3]
• , 1989 - 1992
• Abdelwahab Keramane, 1992 - 2001
• Mohamed Laksaci, 2001 - 31 May 2016
• , 31 May 2016 - 31 March 2019
• Amar Hiouani (Interim), 20 April 2019
• Aïmene Benabderrahmane, 14 November 2019 - 23 July 2020^[4]
• Rosthom Fadli (Interim), 23 June 2020
• Rosthom Fadli, 15 Septembre 2020 - 23 May 2022
• Salah Eddine Taleb, 23 May 2022 - present^[5]

See also

• Algerian dinar, Algeria's currency
• Central banks and currencies of Africa
• Economy of Algeria
• List of central banks
• List of banks in the Arab world

External links

• • Algeria Banking Information

Notes and References

1. Web site: Weidner . Jan . The Organisation and Structure of Central Banks . Katalog der Deutschen Nationalbibliothek. 2017. PDF.
2. News: March 15, 2023 . Bank of Algeria specifies: Foreign exchange reserves increased to USD64.63 billion by late February . en . Algeria Press Service . live . March 14, 2023 . https://web.archive.org/web/20230315112413/https://www.aps.dz/en/economy/47005-bank-of-algeria-specifies-foreign-exchange-reserves-increased-to-usd64-63-billion-by-late-february . March 15, 2023.
3. Book: Central Banking Directory. 18 April 1993. Central Banking Publications. 9780951790311. Google Books.
4. Web site: Benabderrahmane Aymane, new Governor of Bank of Algeria. KARIMA. SLIMANI. www.aps.dz.
5. News: May 23, 2022 . President Tebboune dismisses Governor of Bank of Algeria Rostom Fadhli, appoints Salah Eddine Taleb . en . live . https://web.archive.org/web/20220523212342/https://www.aps.dz/en/algeria/43719-president-tebboune-dismisses-governor-of-bank-of-algeria-rostom-fadhli-appoints-salah-eddine-taleb . May 23, 2022.