ALGERIA, IMPORT RESTRICTIONS FOR 1700 PRODUCTS
The Algerian government will soon adopt new restrictions on imports. The object of the measures should be produced between 1700 and the 2000. In practice, the measures will be implemented through the banking system: the Algerian banks will in fact have the task of prohibiting banking domiciliation for the import of the products included in the “blacklist”. There will also start a study to evaluate the benefits and consequences of such an initiative on currency reserves. According to the latest financial reports published by the Central Bank of Algeria, foreign exchange reserves fell stabilizing at 144.13 billion dollars at the end of December 2015 compared to 159.03 billion dollars at the end of June 2015 and 178.94 billion dollars at the end of December 2014.