New details about the Algerian digital dinar #



Iman Kimosh

02/05/2023

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Members of the Finance and Budget Committee of the National People's Assembly received clarifications and new details about the digital currency project, or the Algerian digital dinar, included in the new monetary and banking draft law, which is on the discussion table, and this was in the presence of executives and directors of the Ministry of Finance and the Bank of Algeria.

A source who attended the meeting confirms that most of the interventions of members of the Finance and Budget Committee of the National People’s Assembly, during the meeting that included representatives of the Ministry of Finance and the Bank of Algeria, focused on how to circulate the Algerian digital dinar, which will be approved for the first time through the new draft monetary and banking law, as well as the new powers of the Bank Governor. Algeria and ways to organize the trust. The representatives also insisted on the necessity of the Governor of the Bank of Algeria going annually to the National People’s Assembly to present the monetary report periodically, and not accepting any justifications for delaying this appearance.

The same source confirms that, according to the clarifications received by the representatives, the Algerian digital dinar is issued and managed by the Bank of Algeria in the first stage of settling transactions between the Central Bank, commercial banks and financial institutions, and not in the concept that has been understood.

Officially the Algerian digital dinar for the year 2023! What are its uses? / Abdel Basset Farid

https://www.youtube.com/watch?v=jxqyP7hB2Vk