Algeria (Ina) - A statement of the Bank of Algeria 's central Muhammad Glocal took office Thursday (June 2, 2016) as governor of New Bank , replacing Mohammed Laksaci who finished his duties during the Cabinet meeting Tuesday.
The Glocal serves as the Executive Director of the Bank of Algeria outside the state - owned, succeeds Laksaci who presided over since 2001 , the Bank of Algeria in charge of development of the monetary policy of the country and monitor the work of the commercial banks , especially in the transfer of funds towards the outside.
during the Council of Ministers held by President Abdelaziz Bouteflika announced the termination ofhigh - ranking officials tasks without mentioning names.
He told Glocal Algerian television that " the mission first export promotion will be towards emerging markets in the neighboring countries ", ie countries of the Maghreb and Africa.
the appointment, according to Agence France - Presse, in a time of Algeria decline in oil revenues and the deterioration of the value of the Algerian dinar against foreign currencies.
the suffering of the Algerian banking system of the immense problems to the extent that specialists they saw as the biggest obstacle to the success of economic reforms initiated by the country twenty years ago.
The Glocal serves as the Executive Director of the Bank of Algeria outside the state - owned, succeeds Laksaci who presided over since 2001 , the Bank of Algeria in charge of development of the monetary policy of the country and monitor the work of the commercial banks , especially in the transfer of funds towards the outside.
during the Council of Ministers held by President Abdelaziz Bouteflika announced the termination ofhigh - ranking officials tasks without mentioning names.
He told Glocal Algerian television that " the mission first export promotion will be towards emerging markets in the neighboring countries ", ie countries of the Maghreb and Africa.
the appointment, according to Agence France - Presse, in a time of Algeria decline in oil revenues and the deterioration of the value of the Algerian dinar against foreign currencies.
the suffering of the Algerian banking system of the immense problems to the extent that specialists they saw as the biggest obstacle to the success of economic reforms initiated by the country twenty years ago.
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