VOL. XXXVIII
NO. 2
10-OCTOBER-1994
Financial and Banking News
Budgets and Revenues
Algeria Liberalizes Foreign Exchange System
The Bank of Algeria (central bank) has put into effect a new measure aimed atliberalizing the country's foreign exchange system. Under the new measure,which came into effect on 1 October, the value of the dinar will be set bymatching available hard currency against demand for it by Algeria's commercialbanks. Each exchange rate fixing will begin with the Bank of Algeria...
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