BankHeadOffice.com         Bank Head Office Worldwide   ♦ Loan Calculators ♦ Mortgage Guides ♦ Banking FAQs ♦ Banking Institutions ♦ Central Banks Worldwide       Home  »  Central Banks Worldwide  »  Bank of Algeria Bank of Algeria The Central Bank of Algeria was established by Act No. 62-144 passed by the Constituent Assembly December 13, 1962, establishing and fixing the statutes of the Central Bank.    Management, administration and supervision of the Bank are carried respectively by the Governor, the Board of Directors, chaired by the Governor and two censors. The Board of Directors consists of three Vice-Governors and three top officials appointed for their expertise in economics and finance.  The Governor is appointed by presidential decree.The Bank of Algeria's mission is to maintain in the field of currency, credit and foreign exchange, the conditions most conducive to an orderly development of the economy. 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 It establishes, moreover, the conditions under which such authority may be amended or withdrawn.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 Bank of Algeria sets all the standards that each bank must comply at all times, including those relating to:   liquidity ratios of banking system in Algeria;   the used of capital in banking system;   It keeps and manages the foreign reserve of the Algeria;   It acts as banker, advisor to, and as fiscal agent, of the government of the Algeria;   It has the exclusive right to issue and circulate the national banknote and currency; and   It licenses or revokes a license on exercising banking activity and supervises the banking activity to ensure the banking system stability. In achieving the objectives above, the Bank commits itself to providing effective support functions through a sound banking and financial control system, appropriate information system and the development of competent and qualified staff.   Bank of Algeria HQ Address: 38 Avenue Franklin Roosevelt, Algiers Algeria Telephone: +213-21 23.00.23 Facsimile: N/A Website: www.bank-of-algeria.dz Currency: Algerian dinar Banking Hours: Sat - Wed : 0800-1200 and 1300-1600   DISCLAIMER The content comes from Internet, reasonable efforts are made to maintain accuracy of information published. However, information could contain errors or inaccuracies and is presented without warranty and statutory means. No liability is assumed for errors or omissions. Viewers are advised to consult their banker or financial consultant for complete information and their professional advise. All trademarks, logos, brand names and copyrights are the property of their respective owners. © 2011 - 2022 BankHeadOffice.com ® All Rights Reserved