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Not to be confused with Banque de l'Algérie.
Bank of Algeria بنك الجزائر (Arabic)
Logo of the Bank of Algeria The Bank of Algeria building
Headquarters
Algiers, Algeria
Established
13 December 1962
Ownership
100% state ownership[1]
Governor
Salah Eddine Taleb
Central bank of
Algeria
Currency
Algerian dinar DZD (ISO 4217)
Reserves
US$64.63billion (2023)[2]
Website
http://www.bank-of-algeria.dz/
The Bank of Algeria (Arabic: بنك الجزائر, French: Banque d'Algérie) is the central bank of Algeria. The bank is located in Algiers and its current governor is Salah Eddine Taleb. It was established following Algerian independence in 1962 to take over the former activities in the country of the Banque de l'Algérie, the colonial central bank of French Algeria.
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 It establishes, moreover, the conditions under which such authority may be amended or withdrawn.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.
^Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
^"Bank of Algeria specifies: Foreign exchange reserves increased to USD64.63 billion by late February". Algeria Press Service. March 15, 2023. Archived from the original on March 15, 2023. Retrieved March 14, 2023.
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