Middle East Economic Survey

VOL. XLVII

No 45

8-November-2004

ALGERIA

REGIONAL BANKING

Algeria Investigating 33 Illegal Banking Transactions

Algerian authorities are investigating 33 cases of illegal transactions involving banks, Banque dAlgérie Governor Muhammad Laksaci said on 26 October. In his report on the 2003 monetary situation, Mr. Laksaci told parliament that violations were found in 10% of the surveyed banking and financial institutions (3,497 out of 35,000). These violations mainly concern...