Algeria: The amount of loans will be limited to avoid inflation, Finance Minister says

  • 09 October 2017 / News / 737 / Emerging Africa


Algeria: The amount of loans will be limited to avoid inflation, Finance Minister says

The amount of loans that the Treasury will contract with the Central Bank under non-conventional financing mechanism has not been specified yet, but will be “really limited” to avoid inflation, said Sunday in Algiers, the Minister of Finance, Abderrahmane Raouya, APS reported.


“Obviously, we have to take Algeria’s income and resources into account now, and then we will see the necessary adjustments that will be presented during the year whenever possible “, he added.“The amount is not yet specified because the year has not been finished yet, and for 2018, we will have forecasts,” the minister said in a press briefing held after the adoption of the Money and Credit Act by the National People’s Assembly (NAP).

According to him, “in any case, it will be really limited to avoid inflation”


source: dzbreaking

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