VOL. XXXII
NO. 33
22-MAY-1989
FINANCIAL AND BANKING NEWS
REGIONAL BANKING
Morocco and Algeria Sign Clearing Agreement
The Central Banks of Morocco and Algeria signed an agreement on 15 May whichis designed to facilitate trade between the two countries by allowing for promptpayment and settlement of financial claims. Under the terms of the agreement,the two Central Banks will set up clearing accounts with each other which willbe used to settle transactions. The accounts are to be denominated in US...
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