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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ALGIERS- The Governor of the Bank of Algeria (BA) Mohamed Loukal on Monday warned against the decline of the national economy resilience to the external shocks.

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Credits alloted to economy up by 12% in 2017

Tuesday, 13 February 2018 08:16

ALGIERS-Credits alloted to the economy upped by 12.3% in 2017 compared with 2016 and stood at DZD 8,883 billion, announced the Governor of the Bank of Algeria (BA) Mohamed Loukal.  

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ALGIERS- The exchange rate of the national currency fell by 15.36 % compared with the European currency (Euro) in 2017 against a growth of 0.59% in 2016, said Monday the Governor of the Bank of Algeria Mohamed Loukal.

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Economic growth at 2.2% in 2017

Monday, 12 February 2018 18:51

ALGIERS- Algeria's economic growth hit 2.2% in 2017, against 3.3% in 2016, despite significant decline in the sector of hydrocarbons, said Monday the Governor of the Bank of Algeria, Mohamed Loukal.

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ALGIERS- The volume of cash in circulation outside banks, or the hoarded money, declined in 2017 compared with 2016, the governor of the Bank of Algeria (BA), Mohamed Loukal, said Monday at the People's National Assembly (lower house of Parliament).

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