VOL. XXXIX No. 58 4-November-1996ALGERIA

Algeria Plans Complete Currency Convertibility By 1998 The Governor of the Central Bank of Algeria, Mr. 'Abd Al-Wahhab Karamane, has said that Algeria plans to make its currency convertible in 1998, when it joins the World Trade Organization. At present the dinar is partially convertible in dealings with state banks involved in export-import financing. The Governor also announced that foreign exchange reserves currently stand at more than $3.5bn, the...