Bank of Algeria

Not to be confused with Banque de l'Algérie.

Bank of Algeria
بنك الجزائر (Arabic)

Logo of the Bank of Algeria The Bank of Algeria building
Headquarters	Algiers, Algeria
Established	13 December 1962
Ownership	100% state ownership[1]
Governor	Salah Eddine Taleb
Central bank of	Algeria
Currency	Algerian dinar DZD (ISO 4217)
Reserves	US$64.63 billion (2023)[2]
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 It establishes, moreover, the conditions under which such authority may be amended or withdrawn.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[3]
• Bader Eddine Nouioua, 1985 - 1989[3]
• Abderrahmane Hadj-Nacer [fr], 1989 - 1992
• Abdelwahab Keramane, 1992 - 2001
• Mohamed Laksaci, 2001 - 31 May 2016
• Mohamed Loukal [fr], 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

References

1. Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
2. "Bank of Algeria specifies: Foreign exchange reserves increased to USD64.63 billion by late February". Algeria Press Service. March 15, 2023. Archived from the original on March 15, 2023. Retrieved March 14, 2023.
3. Central Banking Directory. Central Banking Publications. 18 April 1993. ISBN 9780951790311 – via Google Books.
4. SLIMANI, KARIMA. "Benabderrahmane Aymane, new Governor of Bank of Algeria". www.aps.dz.
5. "President Tebboune dismisses Governor of Bank of Algeria Rostom Fadhli, appoints Salah Eddine Taleb". May 23, 2022. Archived from the original on May 23, 2022.

External links

Media related to Bank of Algeria at Wikimedia Commons

• Official website
• Algeria Banking Information