Banking & Finance

Banks, financial services, lending, and fintech developments

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Banking & Finance
AL24 | الاقتصاد

Gold Declines as Investors Seek Profit-Taking and Await U.S. Interest Rate Decision

Gold prices fell on Friday under pressure from profit-taking, as investors await the U.S. Federal Reserve's stance on interest rates, with expectations of keeping them unchanged during September. The price of gold in spot transactions decreased by 0.5 percent to $4,330.37 per ounce, while U.S. gold futures for December delivery fell by 0.8 percent to $4,386.80. Gold had recorded its highest level since June 5 yesterday before declining by 1.3 percent, thus erasing its gains made during the week. In other precious metals markets, silver fell in transactions.

Aug 14, 2026al24news.dz
Regulatory & Legal
AL24 | الاقتصاد

Bank of Algeria warns of a fake document circulating on social media

The communication cell of the Bank of Algeria warned internet users about the circulation of a fake document on social media networks, titled 'Instruction No. 08-2026 of the Bank of Algeria, dated August 12, 2026', confirming that the document is not related to the bank. The Bank of Algeria clarified that the document circulating on social media platforms is fake, urging citizens and internet users to exercise caution and not to circulate or rely on the information contained in it. The communication cell also confirmed that no amendments have been made to Instruction No. 07-2026 dated July 13, 2026, related to granting the right to exchange for travel abroad using an international payment card or an international payment card designated for the right to exchange.

Aug 13, 2026al24news.dz
Regulatory & Legal
Travel Grant.. Important Statement from the Bank of Algeria

Travel Grant.. Important Statement from the Bank of Algeria

The Bank of Algeria warned internet users against circulating a fake document titled 'Instruction No. 08-2026' dated August 12, 2026, confirming that it is not related to its official documents. The bank clarified in a statement on Thursday that no amendments have been made to Instruction No. 07-2026 dated July 13, 2026, concerning the granting of foreign exchange rights for travel abroad using an international payment card or an international payment card designated for foreign exchange rights. View the full content on Echourouk Online.

Aug 13, 2026echoroukonline.com
Regulatory & Legal
The war on money laundering and the pursuit of suspicious operations continues

The war on money laundering and the pursuit of suspicious operations continues

The accountant is required to disclose the actual owner or controller of the company. The declaration of suspicion is made without informing the concerned customer, despite Algeria's exit from the gray list of the Financial Action Task Force (FATF) and achieving a step that has been appreciated. Accounting and auditing professionals in Algeria have entered a new phase of strict oversight on funds and financial transactions, after the National Council of Accounting established rules that require accountants, auditors, and certified accountants to report suspicious operations to the Financial Intelligence Processing Unit, while prohibiting them from informing the concerned customer that they are under suspicion. The matter does not stop there, as the professional is now required to disclose the person who is actually behind the...

Aug 12, 2026echoroukonline.com
Banking & Finance
Towards Expanding Family Access to Consumer Loans

Towards Expanding Family Access to Consumer Loans

The Bank of Algeria issued a memorandum on Monday to banks and financial institutions, urging them to intensify efforts to expand family access to consumer loans. The central bank's memorandum stated that 'banks and financial institutions must work to further develop their offerings for consumer loans, while ensuring that: See the full content on الشروق أونلاين The post نحو توسيع استفادة الأسر من القروض الاستهلاكية appeared first on الشروق أونلاين.

Aug 10, 2026echoroukonline.com
Banking & Finance
Banks are 'obliged' to expand families' access to consumer loans

Banks are 'obliged' to expand families' access to consumer loans

On Monday, the Bank of Algeria issued a memo to banks and financial institutions, urging them to intensify efforts to expand families' access to consumer loans. The central bank's memo stated that 'banks and financial institutions must work to further develop their offerings for consumer loans, while ensuring: See the full content on الشروق أونلاين The post Banks are 'obliged' to expand families' access to consumer loans appeared first on الشروق أونلاين.

Aug 10, 2026echoroukonline.com
Banking & Finance
Dollar Near Lowest Level in Two Months Awaiting U.S. Inflation Data

Dollar Near Lowest Level in Two Months Awaiting U.S. Inflation Data

The U.S. dollar stabilized today, Monday, near its lowest level in two months against major currencies, as investors await U.S. inflation data set to be released this week in search of indicators regarding the Federal Reserve's interest rate path. The dollar index remained at 99.6 points, while the euro rose to $1.1558, the British pound held steady at $1.3490, and the yen stabilized at 157.90 against the dollar.

Aug 10, 2026radioalgerie.dz
Banking & Finance
100 trillion in Islamic banking and these are the details of 'Halal Visa'

100 trillion in Islamic banking and these are the details of 'Halal Visa'

Accounts in hard currency without mixing funds with traditional banking activities. Mazari: Very encouraging development and significant expansion in Islamic financing offers for accounts, savings, real estate, and cars, with a focus on financing institutions. The size of the Islamic banking market in Algeria has exceeded 1000 billion dinars, or 100 trillion centimes, at a time when banks are expanding their services to include international payment methods, including Islamic 'Visa' cards, coinciding with the increasing importance of bank cards in benefiting from the exchange right estimated at 750 euros. Islamic bank customers can also benefit from 'interbank' cards and international payment cards compatible with Islamic banking, some of which can be equipped...

Aug 9, 2026echoroukonline.com
Banking & Finance
"Exceptional Growth" in Electronic Payment Operations in Algeria

"Exceptional Growth" in Electronic Payment Operations in Algeria

The total value of electronic payment operations in Algeria during the first half of 2026 has increased more than 8 times, reaching 346 billion dinars. This represents an exceptional growth of 867 percent year-on-year. The GIE Monétique attributed this growth to the integration of electronic payment methods in the payment of installments for the "Adla 3" housing program, as well as pilgrimage fees and the purchase of Eid sacrifices. View the full content on Echourouk Online.

Aug 7, 2026echoroukonline.com