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Unprecedented Measures from "Bank of Algeria" to Tighten the Noose on "Cash"

December 23, 2025اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
Unprecedented Measures from "Bank of Algeria" to Tighten the Noose on "Cash"

Forcing deposits into commercial accounts through authenticated means - Cash deposits allowed... except in exceptional cases - Double scrutiny on clients who may pose a risk "Bank of Algeria" has introduced changes described as radical and historic related to cash deposits, through the adoption of authenticated payment means to be the norm for injecting funds into commercial bank accounts, and making "cash" an exception, as part of efforts to reduce the risks of money laundering and terrorist financing, especially in terms of the source of funds. These unprecedented measures were announced through a directive from Bank of Algeria addressed to banks and licensed financial institutions in the country, under number 02/ M.O.M...

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