Interest becomes excessive if it exceeds the market average by more than 5 percentage points. The decision amends instruction 08-2016 regarding the determination of excessive interest rates in a step aimed at recalibrating the legal framework governing the calculation of excessive interest on bank loans. The Bank of Algeria issued a new instruction that modifies the provisions of the instruction in force since 2016, clarifying the reference standard used for classifying loans with excessive interest rates, and establishes the total effective interest rate as the main criterion for measuring the cost of financing. The Bank of Algeria issued instruction number 06-2026, dated June 29, 2026, signed by the bank governor, Mohamed Amine Labou, to amend instruction number 08-2016.
Ouargla - Today, Wednesday, in the provinces of Menia and Ghardaia, preparations continue to commence the construction of the railway line from Laghouat to Tamanrasset, through intensifying field monitoring and assessing the readiness of the logistical and technical means allocated for this project, under the supervision of local authorities.
aps.dzMoscow - Representing the President of the Republic, Mr. Abdelmadjid Tebboune, the Prime Minister, Mr. Saïfi Ghrib, participates in the third Russia-Africa Summit and the Economic and Humanitarian Forum, which commenced today, Wednesday, in the Russian capital, Moscow.
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Sidi Bel Abbès - A total production exceeding two million quintals of various types of grains is expected in the Sidi Bel Abbès province, as part of the recently launched plowing and sowing campaign, according to what the provincial agricultural services directorate reported today, Wednesday.
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