Bank of Algeria

The Central Bank of Algeria was created by the law number 62-144 voted by the Constituent Assembly on December 13th, 1962, creating and fixing the statutes of the Central Bank. The mission of the Bank of Algeria is to maintain, in the field of money, credit and foreign exchange, the most favorable conditions for the orderly development of the economy. The Bank of Algeria establishes the general conditions under which Algerian and foreign banks and financial institutions may be authorized to establish themselves in Algeria and to operate there.