Further to our web circular on 17 April 2015, we can provide the following update:
As of 6 January 2016 Algerian banks have been instructed to formally suspend imports of new vehicles, cement and steel rebar.
This is an instruction that was provided by the Bank of Algeria to all Algerian and foreign banks in Algeria. This suspension is made in the wake of the established import licenses which should enter into force soon.
The Association is grateful to Neffous Shipping & Consulting in Algeria for contributing to this update.