Algeria Real Estate News

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Algeria forex reserves at record $90 bln in H1 Algeria Bank reveals massive drawing operations
OPEC-member Algeria saw its foreign exchange reserves rising to $ 90.96 billion at the end of June 2007 due to higher oil exports, the country's Central Bank Governor said on Monday.
Algeria Bank can afford the liquidity required in the market, a source within Algeria Bank told El Khabar. Yet, Algeria Bank recorded huge amounts drawings between 2005 and 2006
Algeria expected to lift bank curbs - adviser  
The Algerian government is expected shortly to cancel a decision forcing public companies to put their money only in state-owned banks, a presidential adviser said in remarks published on Sunday.  
   

Algeria forex reserves at record $90 bln in H1

OPEC-member Algeria saw its foreign exchange reserves rising to $ 90.96 billion at the end of June 2007 due to higher oil exports, the country's Central Bank Governor said on Monday.

Algeria Bank reveals massive drawing operations

Algeria Bank can afford the liquidity required in the market, a source within Algeria Bank told El Khabar. Yet, Algeria Bank recorded huge amounts drawings between 2005 and 2006, which raises many questions about the destination of the amounts out of control.

Algeria expected to lift bank curbs - adviser

The Algerian government is expected shortly to cancel a decision forcing public companies to put their money only in state-owned banks, a presidential adviser said in remarks published on Sunday.

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