New governor to Algerian central bank

ALGERIA - Algerian President Abdelaziz Bouteflika named Mohamed Laksassi as the country's new Central Bank governor on 2 June, an official statement said.

He succeeds Adelwahab Keramane who has been appointed junior minister, responsible for the Algerian budget. Lakassi was a senior official at the bank prior to accepting his new assignment. The appointment was made in a reshuffle on 31 May.