Bank of Algeria

History

After the country's independence, an agreement transferring the issuing privilege of the Banque de l'Algérie was signed on 13 December 1962. This convention includes two financial agreements signed between Ahmed Francis, the Algerian Minister of Finance and Jean-Marcel Jeanneney, the French Ambassador to Algeria, concerning the relations between the Algerian Treasury and the French Treasury and the transfer of the issuing privilege of the Banque de l'Algérie to the Bank of Algeria with the technical assistance of the Bank of France.

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 It establishes, moreover, the conditions under which such authority may be amended or withdrawn. An example of this occurred when the Bank of Algeria announced new regulations relating to money laundering that required all banks in Algeria to open bank accounts only when the holder is present. This is despite half of Algeria's currency exists outside of banks due to a lack of a stable commercial banking system. The current Governor of the Bank of Algeria is Salah Eddine Taleb.

Governors

• Seghir Mostefaï, 1962 - 1981
• Mahfoud Aoufi, 1981 - 1982
• Rachid Bouraoui, 1982 - 1985
• Bader Eddine Nouioua, 1985 - 1989
• , 1989 - 1992
• Abdelwahab Keramane, 1992 - 2001
• Mohamed Laksaci, 2001 - 31 May 2016
• , 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 - 4 January 2026.
• Mouatassem Boudiaf, 4 January 2026 - present.

References

References

1. (2017). "The Organisation and Structure of Central Banks".
2. (March 15, 2023). "Bank of Algeria specifies: Foreign exchange reserves increased to USD64.63 billion by late February". Algeria Press Service.
3. (2001). "Les accords franco-arabes: des origines des relations bilatérales à nos jours". Harmattan.
4. (27 August 2024). "Algeria: the Central Bank issues a regulation to fight against money laundering and terrorism". Agenzia Nova.
5. Ghanmi, Lamine. "Algeria names new bank governor, oil firm chief". The Arab Weekly.
6. (May 23, 2022). "President Tebboune dismisses Governor of Bank of Algeria Rostom Fadhli, appoints Salah Eddine Taleb".
7. (18 April 1993). "Central Banking Directory". Central Banking Publications.
8. SLIMANI, KARIMA. "Benabderrahmane Aymane, new Governor of Bank of Algeria".
9. (May 23, 2022). "President Tebboune dismisses Governor of Bank of Algeria Rostom Fadhli, appoints Salah Eddine Taleb".
10. Maher, Hatem. (4 January 2026). "Algeria sacks central bank governor, names deputy as acting governor".