VOL. XXXV

NO. 9

2-DECEMBER-1991

Financial and Banking News

Budgets & Revenues

Algeria Calls In Companies' Illegal Foreign Exchange Holdings

The Algerian Central Bank has ordered local companies to repatriate foreigncurrency they are keeping abroad within 120 days or face restrictions on theiractivities. Companies are not allowed to keep foreign currency earned fromoverseas trade. A Central Bank statement said that "allbusinesses...presenting an irregular situation over exchange control will...