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The Bank of Algeria ( ar, بنك الجزائر , french: Banque d'Algérie) is the
central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...
of
Algeria ) , image_map = Algeria (centered orthographic projection).svg , map_caption = , image_map2 = , capital = Algiers , coordinates = , largest_city = capital , relig ...
. The
bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...
is located in
Algiers Algiers ( ; ar, الجزائر, al-Jazāʾir; ber, Dzayer, script=Latn; french: Alger, ) is the capital and largest city of Algeria. The city's population at the 2008 Census was 2,988,145Census 14 April 2008: Office National des Statistiques ...
and its current
governor A governor is an administrative leader and head of a polity or political region, ranking under the head of state and in some cases, such as governors-general, as the head of state's official representative. Depending on the type of political ...
is Rosthom Fadli. It was established following Algerian independence in 1962 to take over the former activities in the country of the
Banque de l'Algérie the Banque de l'Algérie, from 1949 to 1958 Banque de l'Algérie et de la Tunisie, was a French bank created in 1851, that operated as the central bank for French Algeria and, from 1904, also for the French protectorate of Tunisia until Tunis ...
, the colonial central bank of
French Algeria French Algeria (french: Alger to 1839, then afterwards; unofficially , ar, الجزائر المستعمرة), also known as Colonial Algeria, was the period of French colonisation of Algeria. French rule in the region began in 1830 with the ...
. 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 It establishes, moreover, the conditions under which such authority may be amended or withdrawn. The organization of the bank includes the Conseil de la Monnaie et du Crédit, the Commission Bancaire (Banking Commission) and the Bank of Algeria itself.


Governors

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Seghir Mostefaï Seghir Mostefai (1926 – 21 January 2016) was an Algerian lawyer, economist and high civil servant. He graduated with a master's degree in law and economics from Sorbonne University, Paris. Long time anti-colonial activist with responsibilities ...
, 1962-1981 * Mahfoud Aoufi, 1981-1982 * Rachid Bouraoui, 1982-1985 *
Bader Eddine Nouioua Bader is a German occupational surname derived from the German word "Bad" meaning "bath". It originally referred to the owners or attendants of bathhouses, who subsequently took on other tasks including cutting hair and dentistry. List of people wi ...
, 1985-1989 * Abderrahmane Hadj-Nacer, 1989-1992 * Abdelwahab Keramane, 1992-2001 * Mohamed Laksaci, 2001-2016 *
Mohamed Loukal Muhammad was an Islamic prophet and a religious and political leader who preached and established Islam. Muhammad and variations may also refer to: *Muhammad (name), a given name and surname, and list of people with the name and its variations ...
, 2016-2019 *
Amar Hiouani Amar may refer to: People Given name * Amar (British singer) (born 1982), British Indian singer born Amar Dhanjal * Amar (Lebanese singer) (born 1986), born Amar Mahmoud Al Tahech * Amar Bose (1929–2013), Founder of Bose Corporation * Amar Gu ...
, 2019 *
Aïmene Benabderrahmane Aymen Benabderrahmane ( ar, أيمن بن عبد الرحمان; born 30 August 1966) is an Algerian politician who is serving as Prime Minister of Algeria since 30 June 2021. He had served as Minister of Finance from June 2020 until February 2 ...
, 2019-2020 * Rosthom Fadli, 2020 *
Salah Eddine Taleb (, plural , romanized: or Old Arabic ͡sˤaˈloːh, ( or Old Arabic ͡sˤaˈloːtʰin construct state) ), also known as ( fa, نماز) and also spelled , are prayers performed by Muslims. Facing the , the direction of the Kaaba wi ...
, 2022


See also

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Algerian dinar The dinar ( ar, rtl=yes, 1=دينار جزائري, links=, lit=, translit=Dīnār Ǧazāʾirī, ber, script=Tfng, 1=ⴷⵉⵏⴰⵕ ⴰⴷⵣⴰⵢⵔⵉ, links=, lit=, translit=, label=; sign: DA; code: DZD) is the monetary currency of Alge ...
'', Algeria's currency'' *
Central banks and currencies of Africa There are two African currency unions associated with multinational central banks; the West African Banque Centrale des États de l'Afrique de l'Ouest (BCEAO) and the Central African Banque des États de l'Afrique Centrale (BEAC). Members of both ...
*
Economy of Algeria The economy of Algeria expanded by 1.4% in 2018, up from 4.1% in 2016 with growth driven mainly by the recovering oil and gas sector. Excluding hydrocarbons, growth has been estimated up to 5.8%. Inflation is increasing and is estimated at 8 ...
*
List of central banks . Central banks Central banks Central banks This is a list of central banks. Countries that are only partially recognized internationally are marked with an asterisk (*). Disappeared central banking jurisdictions * – Bank of Amsterdam (1609- ...
*
List of banks in the Arab world The following is a list of banks in the Arab World. The modern system of Arab League, Arab banks was created in Egypt in the late 19th century, with the campaign of modernizing the country. Today Arab banks are among the most pioneering in Develop ...


References


External links

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Algeria Banking Information
1962 establishments in Algeria Banks of Algeria Economy of Algeria
Algeria ) , image_map = Algeria (centered orthographic projection).svg , map_caption = , image_map2 = , capital = Algiers , coordinates = , largest_city = capital , relig ...
Algiers Banks established in 1962 {{Algeria-bank-stub