The impact of economic transformations on the structure of the Algerian banking and financial system

Abstract

fter Algeria regained its monetary sovereignty, it had to complete this by building a national banking system that would be at the service of the national development goals in terms of financing and monetary policy, especially those related to interest rates and the exchange rate. However, the difficulties experienced by the national economy in the mid-eighties required it to carry out fundamental reviews at the level of ownership and management had a great impact in directing the banking and financial system, with a view to updating it to respond to the aspirations of market rules, achieving financial security, and attracting foreign investment in particular in light of the fluctuating national incomes. Caused by the hydrocarbon revenues, in particular.