Middle East Economic Survey
VOL. LII
No 32
10-Aug-2009
ALGERIA
Algeria Bans Consumer Lending To Fight Deteriorating Trade Surplus
The Algerian authorities have banned banks from consumer lending in order to address the deteriorating trade surplus resulting from a fall in oil prices. Although benchmark crude oil prices have recently bounced back over $70/B, they are down sharply from last years levels, when they hit an all-time high of $147/B in July 2008. The Algerian Ministry of Finance published...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!