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 It establishes, moreover, the conditions under which such authority may be amended or withdrawn.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
- Abderrahmane Hadj-Nacer, 1989 - 1992
- Abdelwahab Keramane, 1992 - 2001
- Mohamed Laksaci, 2001 - 31 May 2016
- Mohamed Loukal, 31 May 2016 - 31 March 2019
- Amar Hiouani (Interim), 20 April 2019
- Aïmene Benabderrahmane, 14 November 2019 - 23 July 2020
- Rosthom Fadli (Interim), 23 June 2020
- Rosthom Fadli, 15 Septembre 2020 - 23 May 2022
- Salah Eddine Taleb, 23 May 2022 - present.
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
External links
Media related to Bank of Algeria at Wikimedia Commons
- Official website
- Algeria Banking Information
