Bank of Algeria بنك الجزائر in the news

The Bank of Algeria has officially introduced factoring, a new short-term financing technique that allows businesses to assign their accounts receivable to a financial institution, with regulations published in Official Gazette No. 67.

The Bank of Algeria formally introduced factoring activity in Algeria, outlining conditions for financial institutions.

The Bank of Algeria refuted a fake document about travel allowances, confirming no changes to its existing international payment card policy for travel exchange rights and urging reliance on official sources.

The Bank of Algeria denies a fake document circulating on social media regarding Instruction No. 08-2026 and confirms no changes to Instruction No. 07-2026.

The Bank of Algeria published its weekly banknote exchange rates for the period of July 26 to August 1, 2026.

The Bank of Algeria issued a directive to banks and financial institutions to enhance financial inclusion and simplify access to banking services for Algerian families by July 29, 2026.

Algerian banks will open on Saturdays from July 10, 2026, to improve customer service and access, following a directive from the Bank of Algeria.

The Bank of Algeria issued new directives simplifying the process for citizens to obtain international payment cards for a 750 euro travel allowance.

The Bank of Algeria is facilitating international payment card issuance and mandating electronic disbursement of the 750 euro travel allowance to curb currency drain and streamline the process for citizens.

The Bank of Algeria's Governor directed banks to ease the issuance of international payment cards for citizens' travel allowances.

The Bank of Algeria is implementing new regulations requiring the travel allowance to be issued via international payment cards to control currency outflows.

Algerian banks will open on Saturdays starting July 2026 to enhance banking access and economic activity, a move welcomed by businesses but raising concerns among some bank staff.

Algeria's President commended the finance sector and Bank of Algeria for their role in the country's removal from the FATF gray list, signaling a commitment to financial transparency.

Algeria's removal from the GAFI/FATF grey list, due to reforms against money laundering and terrorist financing, boosts its economic credibility, attracts investors, and strengthens its financial sovereignty.

Algeria's President commended the finance sector and the Bank of Algeria for their work in getting the country off the FATF gray list, signaling a commitment to financial transparency.

The Bank of Algeria Governor met with banks to discuss banking modernization and financial inclusion.

The Bank of Algeria issued a directive detailing Know Your Customer (KYC) procedures for financial institutions to combat money laundering and terrorism financing.

The Bank of Algeria has issued a new directive outlining Know Your Customer procedures for financial institutions to combat money laundering and terrorist financing.

Bank of Algeria issued new KYC directives for banks, financial institutions, and Algeria Post's financial services.

The Bank of Algeria is set to implement new Know Your Customer (KYC) standards for banks to enhance financial transparency and security while focusing on digitalization, financial inclusion, and maintaining economic stability.