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Algeria – The Government has decided to replace all the current banknotes by the end of the year

Algeria – The government led by Ahmed Ouyahia will withdraw four types of banknotes for replacement before the end of 2018, reported Tuesday the Arabic-language daily Ennahar.

Contacted by us, a source close to the government confirms a willingness of the authorities to withdraw the current notes, but gradually. Indeed, the government will begin by replacing first the 200 and 500 dinar notes, says our source, saying that if the operation takes place without incident, he will move to the withdrawal of the 1,000 and 2,000 dinars before the end of 2018 .

The replacement of the current banknotes will allow the Treasury to recover the money supply in the informal market, which is completely out of control, since Finance Minister Abderrahmane Raouya confessed this morning that the government does not know how many there are. of money supply in the informal economy.

 

Source: alg24

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