The euro surged to a new historic high on Algeria’s black market in November, trading at up to 27,450 dinars for a 100-euro note, marking a deepening pressure on the informal currency exchange system. Buyers are offering between 27,050 and 27,150 dinars, widening the gap between buying and selling rates, Algerian outlet Maghreb Emergent reported. […]
Morocco’s central bank, known as Bank Al-Maghrib, received ISO 37001 certification in recognition for its Anti-Corruption Management System. The bank has received this certification on its 60th anniversary following the audit conducted by Euro-Compliance in October 2019, Bank Al-Maghrib said in a press release. This certification will further strengthen Bank Al-Maghrib’s actions, in terms of […]
Algeria’s FLN, which has offered the military regime a civilian curtain since independence, has won parliamentary elections which were largely boycotted. With a turnout at 23%, the FLN won 105 seats which is still far from the 204 needed to secure a majority. Islamist MSP won 64 and another coalition party the RND received 57 […]
