Bank of Algeria
Encyclopedia
The Bank of Algeria is the central bank
of Algeria
. The bank
is located in Algiers
and its current governor
is Mohammed Laksaci.
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.
Central bank
A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries...
of Algeria
Algeria
Algeria , officially the People's Democratic Republic of Algeria , also formally referred to as the Democratic and Popular Republic of Algeria, is a country in the Maghreb region of Northwest Africa with Algiers as its capital.In terms of land area, it is the largest country in Africa and the Arab...
. The bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
is located in Algiers
Algiers
' is the capital and largest city of Algeria. According to the 1998 census, the population of the city proper was 1,519,570 and that of the urban agglomeration was 2,135,630. In 2009, the population was about 3,500,000...
and its current governor
Governor
A governor is a governing official, usually the executive of a non-sovereign level of government, ranking under the head of state...
is Mohammed Laksaci.
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.
See also
- Algerian dinarAlgerian dinarThe dinar is the currency of Algeria and it is subdivided into 100 santeem .-History:The dinar was introduced on 1 April 1964, replacing the Algerian new franc at par.-Coins:...
, Algeria's currency - Central banks and currencies of AfricaCentral banks and currencies of AfricaThere are two African currency unions associated with multinational central banks; the West African Banque Centrale des Etats de l'Afrique de l'Ouest and the Central African Banque des Etats de l'Afrique Centrale...
- Economy of AlgeriaEconomy of AlgeriaBy far, Algeria's most significant exports today are petroleum and natural gas. The reserves are mostly in the Eastern Sahara; the Algerian government curbed the exports in the 1980s to slow depletion; exports increased again somewhat in the 1990s...
- List of central banks