Algeria increases number of MPC members

ALGERIA - According to Algerian TV on Mar 24, parliament approved amendments to the law of Algeria's central bank, allowing the president to nominate the governor and deputy governors.

The new law also separates the management board of the Banque d'Algerie from the Credit and Currency Council which decides monetary policy.

The membership of the Credit and Currency Council will be increased from 7 to 10 members. According to the law, these new members must be known for their specialist knowledg

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