HOW TO CREATE BANKS AND FINANCIAL INSTITUTIONS UNDER ALGERIA'S NEW MONETARY AND BANKING LAW NO. 23-09
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Abstract
In order to enhance the strength and vitality of the banking sector, and promote economic development by avoiding the instability created by the rapid expansion of the banks number, and in an effort to create a healthy financial system and by identifying carefully monitored institutions; the legal status of the Algerian Monetary and Banking Council has been strengthened by granting it broad powers, the most important of which are: - setting the conditions for accreditation and license banks and financial institutions.
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