WASHINGTON- The Governor of the Bank of Algeria Mohamed Loukal underlined Saturday, in Washington, that the “structural reforms are crucial” to strengthen the growth but need to be adapted to the specificities of every country.

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ALGIERS- The Alternative financial products, compliant with the Sharia, account for only 2% to 3% of the total financial market, bankers said Wednesday in Algiers.

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ALGIERS – The Bank of Algeria (BA) will soon promulgate a new regulation on the management of the alternative financial products by banks and financial establishments, announced Tuesday in Algiers the BA Governor Mohamed Loukal.

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ALGIERS- The Governor of the Bank of Algeria, Mohamed Loukal, received Tuesday in Algiers Dominique De Villepin, former French Prime Minister, said a statement from the Bank of Algeria.

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ALGIERS- The Bank of Algeria has sent Wednesday a note to the banks calling them to respect their legal obligations by giving more flexibility to the operations of fund deposits and access to these deposits by savers, the officials of this institution told APS.

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ALGIERS- Governor of the Bank of Algeria (BA), Mohamed Loukal, denied, on Tuesday in Algiers the existence of any policy for Dinar devaluation, adding that measures have been taken since the first half of 2016 in order to maintain the national currency’s stability.

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ALGIERS-Governor of the Bank of Algeria Mohamed Loukal on Tuesday said that “the increase in tourist allowance is not on the agenda” given the current financial situation.  

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Not even one dollar given to IMF, says Loukal

Tuesday, 13 February 2018 19:08

ALGIERS- The governor of the Bank of Algeria (BA), Mohamed Loukal, said the central bank has given no money, not even one dollar, to the International Monetary Fund (IMF) from the foreign exchange reserves, which have reached USD97,3 billion in the late 2017. 

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ALGIERS- The Bank of Algeria will issue a new directive to monitor the movement of capitals and identify their source, said Tuesday in Algiers the Bank's Governor, Mohamed Loukal.

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ALGIERS- An operation of technical modifications in some banknotes will be launched soon to avoid any forgery operation, announced Tuesday the Governor of the Bank of Algeria Mohamed Loukal. 

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