Algeria: New Payment Requirement on Imports

  |   Attaché Report (GAIN)

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Office of Agricultural Affairs, Algiers   |   (011-213-770) 08-2111

On October 22 the Bank of Algeria issued a new instruction to Algerian banks regarding the treatment of international commerce. The new instruction requires importers to place 120 percent of the import transaction value with an Algerian Bank. This regulation is intended to regulate imports of goods shipped into Algeria destined for sale as is.

Algeria: New Payment Requirement on Imports

Exporting, Regulations & Requirements, Trade Policy
Algeria, Near East

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