ALGIERS-The President of the National Economic, Social and Environmental Council (CNESE), Redha Tir on Monday advocated the development of the culture of banking and finance in Algeria in order to absorb the funds circulating on the informal market and promote investment.

ALGIERS-President of the Republic, Abdelmadjid Tebboune on Sunday gave instructions to open the capital of public companies, including banks, find effective solutions and avoid administrative management in order to develop industry, said the Council of Ministers in statement.

ALGIERS- Finance Minister Ayman Benabderrahmane said on Monday that the creation of private banks in Algeria was part of the planned banking reforms that would be unveiled next week.