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Home > Practice areas > Law > Algerian law > Algerian exchange control law

Algerian exchange control law


Algerian exchange control law was initially conceived with the aim of accompanying a policy of economic development within the framework of a planned economy. Whilst the gradual application, from 1991 onwards, of the commercial convertibility of the Algerian Dinar represented a substantial change to Algerian exchange law, it has not necessarily made it less rigorous and has certainly not eliminated it.The successive reforms of the Algerian exchange control law, only led to a relative liberalization of its nature and its methods.

Algerian exchange control law is therefore still characterised by its severity and complexity and by the stringency of its constraints for resident and non-resident actors alike. This is particularly the case when Algerian exchange control law is applied to payment for imported services, or to the transfer of the incomes of invested foreign capital or of products of the liquidation of direct foreign investments in Algeria.

Our firm's practice covers the full range of activities governed by Algerian exchange control law. Our Algerian lawyers provide clients with great skill, judgement and experience in Algerian exchange control law. We advise clients on integrating Algerian exchange control law requirements into their strategies, and assist them in their dealings with the relevant banking and financial institutions.