Official Move to End Cash Dominance and Annual Report on Cash Liquidity

Preparation of the national strategy to develop written and electronic payment methods 'Algeria Post', banks, and monetary authorities, with experts included in the formation in a new step aimed at reducing the dominance of 'cash' in financial transactions. The Bank of Algeria has laid the regulatory foundation for the National Payment Committee, the body that will lead the plan to generalize electronic and written payment methods in Algeria. The authorities are betting on this step to accelerate the transition to a society less dependent on cash liquidity and more reliant on bank cards and modern payment methods, in line with the digitization of the economy and improving the transparency of financial transactions. In this context, the Bank of Algeria issued system number 26-01 dated May 31, 2026, which...