Banking & Finance

Banks, financial services, lending, and fintech developments

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Banking & Finance
These are the conditions and procedures for obtaining international payment cards

These are the conditions and procedures for obtaining international payment cards

The process normally takes between 15 days to two months depending on the request. Banks expedite the issuance of 'Visa' cards within 48 hours thanks to stock availability. The procedure enhances the transparency of the travel allowance and expands the use of electronic payment methods. On Monday morning, bank agencies witnessed a significant influx of citizens immediately after the instructions of President Abdelmadjid Tebboune regarding the disbursement of the foreign travel allowance, estimated at €750, exclusively through bank cards. Most inquiries focused on how to obtain international payment cards, the conditions for opening accounts in hard currency, and the timelines for card issuance. Banking sources confirmed to 'Echorouk' that a large number of citizens, who had never previously...

Jul 13, 2026echoroukonline.com
Regulatory & Legal
Bank of Algeria Defines Procedures for Granting Currency Exchange Rights via Bank Card

Bank of Algeria Defines Procedures for Granting Currency Exchange Rights via Bank Card

The Bank of Algeria issued a directive today, Monday, outlining the procedures for granting currency exchange rights for travel abroad via bank card. This directive, numbered 07-2026, comes in implementation of a decision by the President of the Republic, Mr. Abdelmadjid Tebboune, during his chairing of a Cabinet meeting yesterday, Sunday, which stipulated that obtaining the travel allowance should temporarily be done via a bank card, due to serious abuses that have caused a drain on hard currency, without the beneficiaries of the allowance benefiting.

Jul 13, 2026radioalgerie.dz
Banking & Finance
ECOTIMES

Algerian sovereign sukuk: Over 2 billion dollars soon to be listed on the stock exchange

These sovereign sukuk, issued by the public treasury in January of this year, backed by a right of real estate enjoyment on state assets, raised approximately 300 billion dinars, or over 2 billion dollars, one of the largest domestic issuances in the region, fully subscribed. A notable fact was recalled during the technical panel of the meeting, under the title "Integration of financial industry actors for the mobilization of savings and the achievement of financial inclusion", moderated by Sofiane Mazari, head of the department of finance...

Jul 12, 2026ecotimesdz.com
Economic Policy
Algeria: The IMF warns about budgetary and external imbalances.

Algeria: The IMF warns about budgetary and external imbalances.

Despite an expected growth of nearly 4% in 2026, the International Monetary Fund estimates that the Algerian economy remains vulnerable. The IMF forecasts a growth of 3.8% in Algeria in 2026 but warns about the budget deficit, public debt, foreign exchange reserves, and calls for accelerating economic reforms.

Jul 12, 2026algerieinvest.dz