The Bank of Algeria was established on December 13, 1962, succeeding the Banque de l'Algerie, the colonial central bank of French Algeria, following the country's independence. Headquartered in Algiers, it sets the conditions under which banks and financial institutions may operate in Algeria and abroad, regulates monetary policy, and manages the Algerian dinar, holding foreign exchange reserves of approximately 64.63 billion US dollars as of 2023.
Facts
Geography
Country or Jurisdiction ServedWikidata Q1774622, property P17 (country). Founding Year Headquarters Classification
Institution Subtype Connections
Member Of
Bank of Algeria is one of the BIS's 63 member central banks and monetary authorities (Membership and shareholding structure table); the BIS has been wholly owned by its member central banks since the 2005 buyback of private shareholders.
Source Wikipedia
In the Other Atlases
- Also in Geography Atlas: Algeria, located there.
Sources
1. Wikipedia: Bank of Algeria
Wikimedia FoundationLead section, first paragraph
It was established following Algerian independence in 1962
Introduction, institution-subtype
The Bank of Algeria was established on December 13, 1962, succeeding the Banque de l'Algerie, the colonial central bank of French Algeria, following the country's independence.
View the Source 2. Wikidata
Wikimedia Foundation
Wikidata: Bank of Algeria
Wikidata Q1774622, class allow-list match (w-wdresolver-0926)View the Source Wikipedia
Wikimedia FoundationMember Of: Bank for International Settlements, Bank for International Settlements, Membership and shareholding structure sectionQuote, Member Of: Bank for International Settlements, Bank for International Settlements, Membership and shareholding structure section
The BIS members are central banks of 63 jurisdictions: 34 in Europe, 16 in Asia, 5 in South America, 3 in North America, 3 in Africa, and 2 in Oceania.
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