Established 1962 Bank rate ...% Website [1] Founded 1962 | Governor Mohammed Loukal Interest on reserves ...% Central bank of Algeria Headquarters Algiers | |
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Currency Algerian dinar
DZD (ISO 4217) | ||
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 Mohammed Loukal.
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 It establishes, moreover, the conditions under which such authority may be amended or withdrawn.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.
References
Bank of Algeria Wikipedia(Text) CC BY-SA