Algeria's central bank sets rules for banks to offer factoring under August regulation
First published Fri, Oct 23
The Bank of Algeria published an instruction setting the practical terms under which banks and financial institutions may carry out factoring. The instruction applies the provisions of Regulation No. 26-03 of 13 August 2026 on the exercise of the activity.1
Separately, the public prosecutor's office at the Algiers court ordered investigations into practices of throwing away or destroying food products, including tomatoes, to prevent prices from falling. The prosecutor's office announced the inquiries in a statement.2
Speculation and fraudulent practices have hit a series of consumer products, with imported meat the latest target. President Abdelmadjid Tebboune ordered investigations opened at the last Council of Ministers meeting, according to TSA.3
