Current transactions with foreign countries and to foreign exchange accounts – Regulation of Bank of Algeria No. 07-01

Rules applicable to current transactions with foreign countriesCountries A Afghanistan Albania Algeria Andorra Angola Antigua and Barbuda Argentina Armenia Australia Austria Azerbaijan B Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bhutan Bolivia Bosnia and Herzegovina Botswana Brazil Brunei Darussalam Bulgaria Burkina Faso Burundi C Cambodia Cameroon Canada Chile China Colombia Comoros Costa Rica Côte d'Ivoire Croatia Cuba Cyprus Czech Republic D Denmark Djibouti Dominica Dominican Republic E Ecuador Egypt El Salvador Eritrea Estonia Ethiopia F Fiji Finland France G Gambia Georgia Germany Ghana Greece Grenada Guatemala Guyana H Haiti Honduras Hungary I Iceland India Indonesia Iran Ireland Israel Italy J Jamaica Japan K Kenya L Latvia Lesotho Liberia Liechtenstein Lithuania Luxembourg M Macedonia Malawi Malaysia Malta Marshall Islands Mauritania Mauritius Mexico Moldova Mozambique N Namibia New Zealand Nigeria Norway P Pakistan Palau Panama Peru Poland Portugal R Republic of Congo Russia S Saint Kitts and Nevis Saint Lucia Saint Vincent and the Grenadines São Tomé and Príncipe Senegal Serbia Sierra Leone Singapore Slovenia Slovakia South Africa Spain Sri Lanka Swaziland (Eswatini) Sweden Switzerland Syria T Taiwan Tanzania The Netherlands The Philippines The Republic of Korea (South Korea) The United Kingdom The United States of America Timor Togo Trinidad and Tobago Tunisia Turkey U Uganda Ukraine Uruguay Uzbekistan V Vanuatu Vietnam Z Zambia Zimbabwe and to foreign exchange accountsAccounting It is the process of recording, summarizing, analyzing, and reporting financial transactions of a business or individual. Types of Accounts > Assets- Things you own (cash, property) Liabilities- Things you owe (loans, bills) Equity- Owner’s stake in the business Revenue- Money you earn (sales, services) Expenses- Costs to run the business . Regulation of the Bank of Algeria No. 07-01.

Bank of Algeria Regulations

Article 1: The purpose of this Regulation is to define the principle of the convertibility of the national currency for current international transactions and the rules applicable to the transfer from and to foreign countries related to such transactions and the rights and obligations of foreign trade operators and authorized intermediaries.

TITLE I – GENERAL PRINCIPLES

Article 2: For the purposes of this Regulation, are considered as:
– residents in Algeria the natural and legal persons who have the main center of their economic activities there;
– non-residents natural and legal persons whose main center of economic activities is located outside Algeria.

Article 3: Without prejudice to the legal and regulatory provisions in force, payments and transfers relating to current international transactions are free. They are carried out by authorized intermediaries.

Article 4: For the purposes of this Regulation, it is understood that payments and transfers relating to current international transactions include:

– payments and transfers for foreign trade operations on goods, services including technical assistance and current operations related to production;
– interest payments on loans and net income from other investments;
– repayments of loans.

Article 5: Any billing or sale of goods and services in the national customs territory shall be in Algerian dinars except as provided by the regulations in force.

Article 6: Unless expressly authorized by the Bank of Algeria, the exportation as well as the importation of any debt instrument, security or means of payment denominated in the national currency are prohibited.

However, travelers are allowed to exportExport How to export: Canada-India-USA and / or import currency in Algerian dinars, up to an amount set by instruction of the Bank of Algeria.

Art.7.- The council of moneyMoney Χρήματα, νόμισμα (currency), Old French monoie, Pecunia, Money supply, Reserve money, Monetary System, Money-laundering, Electronic Money, Money Transfer, Promissory notes. Coin of Alexander (330 B.C.E). Dematerialized form is Paper Currency( In USA 1600 CE and in 1861 in India). Money makes men. Balance of Payments, Net borrowing. Euro, Dollar, INR. and credit delegate the application of the regulations exchange to banks and institutions financial institutionsFinancial institutions It means any natural or legal person who conducts as a business one or more of the following activities or operations for or on behalf of a customer: 1. Acceptance of deposits and other repayable funds from the public. 2. Lending. 3. Financial leasing. 4. Money or value transfer services. 5. Issuing and managing means of payment (e.g. credit and debit cards, cheques, traveller's cheques, money orders and bankers' drafts, electronic money). 6. Financial guarantees and commitments. 7. Trading in: (a) money market instruments (cheques, bills, certificates of deposit, derivatives etc.); (b) foreign exchange; (c) exchange, interest rate and index instruments; (d) transferable securities; (e) commodity futures trading. 8. Participation in securities issues and the provision of financial services related to such issues. 9. Individual and collective portfolio management. 10. Safekeeping and administration of cash or liquid securities on behalf of other persons. 11. Otherwise investing, administering or managing funds or money on behalf of other persons. 12. Underwriting and placement of life insurance and other investment-related insurance[5]. 13. Money and currency changing., authorized intermediaries, only authorized to deal with foreign trade and foreign exchange. These latter must ensure their regularity at look at legislation and regulations in force.
Financial Services of Algeria-Post are authorized, within the limits of the prerogatives which are devolved upon them by the lawLaw νόμος:  Positive command of sovereign or divine. One can be ruled either by a Statute, a Statue, or a Statement. Legislation is the rule-making process by a political or religious organisation. Physics governs natural law. Logical thinking is a sign of a healthy brain function. Dharma is eternal for Sanatanis. Judiciary > Show me the face, and I will show you the law. Some people know how to bend the law rather than break it. Law Practice. Read a scholarly article which applicable to them, to perform certain payments and transfers / repatriations of fundsFund The term refers to assets of every kind, whether corporeal or incorporeal, tangible or intangible, movable or immovable, however acquired, and legal documents or instruments in any form, including electronic or digital, evidencing title to, or interest in, such assets..

The Bank of Algeria exercises control posterior to ensure regularity operations carried out under this Regulation.

Art.8.- Except the cases expressly provided for by Article 126 of Ordinance No 0311 of August 26, 2003, supra, the constitutionConstitution The Constitution encompasses the global system of rules governing constitutional authority. Simply reading selected provisions of the written text may be misleading. Understanding the underlying principles, such as federalism, democracy, constitutionalism, the rule of law, and respect for minorities, is crucial. Democratic institutions must allow for ongoing discussion and evolution, reflected in the right of participants to initiate constitutional change. This right entails a reciprocal duty to engage in discussions. Democracy involves more than majority rule, existing within the context of other constitutional values. Therefore, a profound understanding of these principles informs our appreciation of constitutional rights and obligations. Read more monetary, financial and real estate assets abroad by residents to from their activities in Algeria is prohibited.

Art.9.- All foreign exchange resources repatriated from the exports of hydrocarbons and mining products as well as those of bilateral, multilateral borrowing or free to finance the balance of payments are obligatorily sold to the Bank of Algeria.

Art.10.- Management of foreign exchange resources country from the repatriation of hydrocarbonHydrocarbon An organic compound consisting entirely of hydrogen and carbon. export earnings and mining products as well as those from bilateral, multilateral borrowing or free and for financing balance of payments falls attributions of the Bank of Algeria.

The management of the foreign exchange resources of the left by the Bank of Algeria to the available to authorized intermediaries attributions of the latter.

Title 2 – Authorized Intermediaries

Art.11.- Any bank and any establishment authorized financial to the provisions of Title 4 [of BookBook Council of Trent (1545–1563) the Catholic Church created a Congregation of the Index, to declare a writing dangerous and to burn it, till it exists without notice. For Christians, the Bible, and for Muslims Quran, is only good for human guidance and nothing else. After Jesus, St. Peter and St. Paul are the most educated persons in the Christian world. 5] of Ordinance No. 03-11 of August 26, 2003, referred to above, may have the quality intermediary authorized to perform the foreign trade operations and exchange.

Art.12.- The quality of authorized intermediary is obtained as part of the accreditation issued by the Governor of the Bank from Algeria.

Art.13.- The authorization referred to in Article 12 published in the OfficialOffice Αξίωμα > Officer > Office-bearer (1593) > Opus, officium, ex officio (Latin). Box-office (Cash Box). Journal and a notification. For the purpose of dealing with commercialCommercial Profit-making economic activities, such as the production, consumption, exchange, and distribution of goods and services, are primarily undertaken to earn money or a livelihood. Key Features > (1) Involve sale and exchange of goods and services for consideration (money or value), (2) Aim to earn profit and ensure business growth, (3) Include risk-bearing and creation of utility, (4) Economic in nature and satisfy customer needs. Commercial Activities > Earning profit, Business growth, Serving society, Achieving market leadership. transactions outside and exchange, each wicket authorized intermediaries is subject to a registration by the Bank from Algeria.

Art.14.- The authorized intermediaries are to ensure their customers, in all equal treatment, operations, object Regulation, for which they are approved. Except in the case of established insolvency, the client has a right of appeal to the banking commission for any dispute in the matterMatter Normal matter is made of molecules, which are themselves made of atoms. Inside the atoms, electrons are spinning around the nucleus. The nucleus is made of protons and neutrons. Inside the protons and neutrons, exist indivisible quarks, like the electrons. All matter around us is made of elementary particles. ( building blocks of matter > quarks and leptons). All stable matter in the universe is made from particles that belong to the first-generation. Fundamental forces result from the exchange of force-carrier particles, which belong to a broader group called “bosons”. The strong force is carried by the “gluon”, electromagnetic force is carried by the “photon.” that opposes it to the intermediary authorized.

Art.15.- The Bank of Algeria can pronounce measures as a precautionary measure against any counter or operator of foreign trade which contravenes provisions of the legislation and regulations exchange.

Art.16.- The banking commission can decide withdrawal of quality authorized intermediary, in respect of the operations foreign trade and foreign exchange, to the holder of that quality, in the case of contrary to laws and regulations exchange.

Title 3 – Means of foreign payment

Art.17.- Any resident is authorized to acquire and hold in Algeria, under the conditions provided below, means of payment denominated in foreign currencies freely convertible. These means of payment can not be acquired, negotiated and deposited in Algeria authorized intermediaries, except the cases provided for by the regulations in force or authorized by the Bank from Algeria.

Art.18.- Constitute means of payment within the meaning of Article 17 above:

• banknotes;
• travelers checks;
• bank or postal checks;
• letters of credit;
• the effects of CommerceCommercial Profit-making economic activities, such as the production, consumption, exchange, and distribution of goods and services, are primarily undertaken to earn money or a livelihood. Key Features > (1) Involve sale and exchange of goods and services for consideration (money or value), (2) Aim to earn profit and ensure business growth, (3) Include risk-bearing and creation of utility, (4) Economic in nature and satisfy customer needs. Commercial Activities > Earning profit, Business growth, Serving society, Achieving market leadership. ;
• any other means or instrument of payment denominated in foreign currency freely convertible, whatever the support used.

Art.19.- Any traveler entering Algeria is allowed to import banknotes foreigners and traveler’s checks,subject to a customs declaration for any amount above a set threshold by instruction of the Bank of Algeria.

Art.20.- Any traveler leaving Algeria is authorized to export any amount in banknotes foreign banks or in trip, to competition:

• for non-residents: the amount declared at entry decreased sums regularly sold to intermediaries licensed and exchange offices;
• for residents: samples carried out on currency accounts in the ceiling limit set by instruction Bank of Algeria and / or amounts covered by an authorization of exchange.
foreign bank bonds or in trip, to competition:
• for non-residents: the amount declared at entry decreased sums regularly sold to intermediaries licensed and exchange offices;
• for residents: samples carried out on currency accounts in the ceiling limit set by instruction

Bank of Algeria and/or amounts covered by an authorization of exchange.
Bank of Algeria and/or amounts covered by an authorization of exchange.

Art.21.- Exchange operations between Algerian dinars and foreign currencies freely convertible can not be made by authorized intermediaries and/or the Bank of Algeria.

Title 4 – Currency Accounts

Art.22.- Any natural or legal person, resident or non-resident, is allowed to open one or more currency accountsat sight and / or at the banks authorized intermediaries.

Authorized intermediaries may hold currency accounts with the Bank from Algeria. Currency accounts are powered by means of foreign payments within the meaning of Article 18 of this Regulation.

Art.23.- Operating conditions and management of currency accounts are defined by instruction of the Bank from Algeria.

Title 5 – Rules applicable to foreign trade operations on goods and services

1) General rules

Art.24.- Foreign trade operators referred to in Article 1 above are:

• natural or legal persons engaged in an economic activity in accordance with the legislation and current regulations ;
• administrations, organizations and institutions of State.

Art.25.- Foreign trade operations are transactions in goods and services governed by a commercial contractContract An agreement enforceable by law is a contract. All agreements are contracts if they are made by the free consent of parties competent to contract, for a lawful consideration and with a lawful object, and are not hereby expressly declared to be void. Indian Contract Act., whose :

• the amount, rights and obligations of Contracting Parties are defined and fixed;
• the counterpart of the transfer and the regularity of the operation are defined and established.
The provisions of this Regulation also apply to benefits related to processing operations, custom processing, working or repair.

Art.26.- The commercial contract or any other documentDocument It means any matter expressed or described or otherwise recorded upon any substance by means of letters, figures or marks or any other means or by more than one of those means, intended to be used, or which may be used, for the purpose of recording that matter and includes electronic and digital records. (Bharatiya Sakshya Adhiniyam 2023) in lieu of proofProof Mathematical proof, Direct proof, Proof by contraposition, Proof by contradiction, Proof by construction, Proof by exhaustion, Closed chain inference, Probabilistic proof, Combinatorial proof, Nonconstructive proof, Computer-assisted proofs. transfer of ownership and / or transfer of a good or provision of services between a resident operator and an operator non-resident, must indicate in particular:

• the names and addresses of the contracting parties
• the country of origin, provenance and destination of goods or services;
• the nature of the goods and services;quantity, quality and specifications techniques ;
• the transfer price of goods and services in the billing currency and payment of the contract;
• delivery times for goods and services implementation for services;
• the clauses of the contract for the taking into risk and other incidental expenses
• the terms of payment.

Art.27.- Except legislative provisions or contrary regulations, all commercial terms (INCOTERM)
in the rules and usages of the chamber of international tradeInternational Trade International Commercial Arbitration - International Commercial Mediation - Investor-State Dispute Settlement - Electronic Commerce - International Sale of Goods (CISG) and Related Transactions - Micro, Small, and Medium-sized Enterprises - Insolvency - Security Interests - Online Dispute Resolution - International Payments - Procurement and Public-Private Partnerships - International Transport of Goods. can be registered in commercial contracts.

Art.28.- The methods of payment are those universally admitted.

The authorized intermediary must ensure the truthfulness of the documentsDocument It means any matter expressed or described or otherwise recorded upon any substance by means of letters, figures or marks or any other means or by more than one of those means, intended to be used, or which may be used, for the purpose of recording that matter and includes electronic and digital records. (Bharatiya Sakshya Adhiniyam 2023) provided, lawfulness
of the commercial contract and its realization.

Art.29.- With the exception of operations in transit and transactions referred to in Article 33 below, any import operation or export of goods or services is subject to the obligation of domiciliation from an authorized intermediary.

The domiciliation is prior to any transfer/repatriation of funds, commitment and/or customs clearance.

Art.30.- The domiciliation consists of the opening of a file that gives rise to the assignment of a domiciliation numberNumber Αριθμός through the authorized intermediary the commercial operation. This file must contain all the documents relating to to the commercial operation.

The operator chooses the authorized intermediary with whom he undertakes to perform all related bank procedures and formalities to the operation.

Art.31.- The counter of the intermediary authorized to domicile the operation of foreign trade must keep a directory file domiciled, quoted and initialed by a person authorized for that purpose, and ensure their financial follow-up.

Art.32.- The commercial document serving basic to bank domiciliation can take on different forms such as, contract, pro-forma invoice, purchase order firm, final confirmation purchase, exchange of correspondence where are included all the necessary indications identification of the parties, than the nature of the business transaction.

Art.33.- Are exempted from the domiciliation bank:

• the so-called payments made by travelers for their personal use, in accordance with to the provisions of the finance laws ;
• so-called no-payments imports carried out by registered nationals with diplomatic representations and Algerian consular abroad when they return definitively in Algeria, in accordance with finance laws;
• so-called no-payments imports carried out by diplomatic agents and consular and assimilated those of the representations of the companies and public institutions abroad when returning to Algeria
;
• imports / exports of value less than the counter value of 100,000 DA in FOB value;
import / export of samples, donations and goods received in the case of the bringing into play of the guarantee ;
• imports of realized goods under the suspensive customs procedure.
Customs declarations relating to imports / exports referred to above and Article 58 below must be coated the mention “import / export not domiciled.

Art.34.- Without prejudice to other provisions all amendments to the domiciled contract must be the subject of an endorsement which will be domiciled in the same conditions as the main contract.

Art.35.- The authorized intermediary can not refuse the domiciliation of a contract export or import when all the conditions laid down in this Regulation are met. The operator, where appropriate, has the right to appeal to the Banking Commission.

Art.36.- Imports / exports equipment and / or materials under the leasing scheme are assimilated to imports / exports to deferred payments. They obey Domiciliation and payment conditions applicable to these operations.

Art.37.- Banks and institutions approved intermediaries are only authorized to perform on behalf of their clients transfers and repatriation related to transactions in goods and services previously domiciled with their wickets. Financial Services of Algeria-Post can execute transfers / repatriations related to operations for which they are empowered.

Art.38.- The authorized intermediary transfers to the cash or futures currency to importers goods and services in the compliance with the regulations in force.

Art.39.- Clearance of the commercial file outside consists, for authorized intermediary, to ensure the regularity and the conformity of the achievement commercial contracts and vouchers flow of financial flows to which they give rise to the look of the exchange regulations in force.

Art.40.- The authorized intermediary must ensure clearance of the files domiciled in his level within the prescribed timeTime χρόνος. Judicial: Where any expression of it occurs in any Rules, or any judgment, order or direction, and whenever the doing or not doing of anything at a certain time of the day or night or during a certain part of the day or night has an effect in law, that time is, unless it is otherwise specifically stated, held to be standard time as used in a particular country or state. (In Physics, time and Space never exist actually-“quantum entanglement”) यमः , पुं, (यमयति नियमयति जीवानां फलाफलमिति । यम् + अच् । विश्वे च कलयत्येव यः सर्व्वायुश्च सन्ततम् । अतीव दुर्निवार्य्यञ्च तं कालं प्रणमाम्यहम् ॥यमैश्च नियमैश्चैव यः करोत्यात्मसंयमम् । स चादृष्ट्वा तु मां याति परं ब्रह्म सनातनम् ॥.
He must seize, without delay, the Bank from Algeria, any irregularity or delay in executing fundFund The term refers to assets of every kind, whether corporeal or incorporeal, tangible or intangible, movable or immovable, however acquired, and legal documents or instruments in any form, including electronic or digital, evidencing title to, or interest in, such assets. movements from abroad.
2) Rules relating to imports of goods and services

Art.41.- The domiciliary authorized intermediary must open a domiciliation file enabling him to follow up on the import operation. It gives the resident importer a copy of the contract with the visa of debit. This visa is affixed to all invoices relating to the contract.

The domiciliation visa allows:

• initiate the customs clearance procedure goods ;
• to endorse the accepted or subscribed effects by the resident importer;
• to execute payments in dinars and transfers in foreign currency; andto establish, at the end of the domiciliation, a report on the clearance of file to be sent to the Bank from Algeria.

Art.42.- For the acceptance of the files of domiciliation and any commitment before lead to a payment by currency transfer abroad, the authorized intermediary must take into account, in particular:

• the regularity of the transaction concerned in view of the legislation and the current regulations ;
• and the financial surface of his client.

Art.43.- The authorized intermediary may accept documents reached by folds schoolbag when it comes to dangerous products or perishable. The assessment of urgent port services and / or qualified customs services.

Art.44.- Any settlement or commitment provided for in the commercial contract can be performed only when the intermediary approved, in particular:
• final invoices;
• shipping documents or customs document (s) for consumption for import Goods ;
• certificates of service for the import of services.

Art.45.- Import payments are carried out by banks and institutions financial institutions, authorized intermediaries, from foreign currency resources:
• belonging to them;
• acquired from their customers;
• acquired on the interbank market foreign exchange;
• or from any financial credit outside.

Art.46.- Transfers in foreign currency are made in compliance with the legislation and the regulations in force, in accordance contractual clauses and compliance with international rules and practices.

The amount to be transferred may not exceed the transferable portion of the contract and its endorsement, nor the amount of the final invoices of the good or service imported.

Any deviation from the amounts initially indicated must be duly justified.

Art.47.- When the importation is the object external financing, the intermediary authorized person must ensure, during the domiciliation of the contract, that financing and conditions attached to it are in adequacy with the modalities defined by the Bank of Algeria.

A declaration of external debt is transmitted to the Bank of Algeria next the rules and procedures in force.

Art.48.- The authorized intermediary executes, on order of the operator, any transfer to from abroad subject to delivery by this operator of documents attesting the shipment of goods to exclusive destination of the customs territory national law and the final invoices relating thereto.

Transfer can also be done on the basis of final invoices and documents customs clearance for homeHome Αρχική >   use goods.

Art.49.- The transfer abroad of foreign currency, for payment of imports of a value equal to or greater than the value of 100,000 DA, by the debit currency account, must be executed by the authorized intermediary in the same conditions laid down in Article 48 Above.

Art.50.- Authorized intermediary domiciliary may pay down payments within a limit of 15% of the overall amount of the contract, the importation of goods and services, in as a rule-compliant clause and related international usages is provided in the commercial contract, under reserve the presentation of a deposit of return of advance of equal value delivered by a first-class bank. Beyond the limit provided for in the paragraph above, the authorization of the Bank from Algeria is required.

Art.51.- Transfer for settlement of imports of services, under article 4 of this Regulation shall be on the basis of the contract and / or invoice definitively duly endorsed by the importer resident accompanied by the certificate of service done as well as any other room or authorization may be required, issued by the competent authority. The transfer of import of services within the framework of a subcontracting be expressly provided for in the contract of based.

Art.52.- The control of the files of domiciliation and transfer via authorized representative is carried out as indicated below.

For imports of goods, on the basis of :

• commercial contract and / or invoices final,
• shipping documents,
• customs documents (exemplary bank) or document accepted as equivalent,
• a copy of the relevant Swift message,of the statistical formula addressed to the Bank of Algeria.
For imports of services, on the base:
• commercial contract and / or invoices final,
• the certificate of service done,
• any documents or authorizations required,
• a copy of the relevant Swift message,
• the statistical formula addressed to the Bank of Algeria

Art.53.- The control of the files of domiciliation and transfer of operations import must be completed:
• for commercial contracts settled in cash, within a maximum period three months following the Financial Regulation the operation;
• for commercial contracts completed by deferred payments, within a maximum of thirty days following the last regulation.

Art.54- During the control period, the absence of the customs document bank), the domiciliary authorized intermediary must claimA Claim A claim is “factually unsustainable” where it could be said with confidence before trial that the factual basis for the claim is entirely without substance, which can be the case if it were clear beyond question that the facts pleaded are contradicted by all the documents or other material on which it is based. it at the officeOffice Αξίωμα > Officer > Office-bearer (1593) > Opus, officium, ex officio (Latin). Box-office (Cash Box). issue of the customs concerned. He gives, for this purpose, all necessary indications for the identification of the declaration concerned and the references communicated by the operator.
A copy of the complaint is sent, for information, at the general direction customs. The certified copy of the original “Prima”, established by the customs office and sent to the domiciliary counter concerned or the document admitted as equivalent, can be taken into consideration by the latter for the clearance of the file import.

Art.55.- At the end of the control period Domiciliation records of operations on importation, the authorized intermediary domiciliary:
• a) clear the file if it is regularRegular Regulated by Christian law and practices, the opposite meaning of Secular. A regulated government accepts Vaticanism, the control under the papal monarchy. A secular government is free from papal intervention. and in accordance with the regulations ;
• b) address the necessary comments to the resident importer to bring him to complete the file or to regularize it
if he submits surplus settlement ;
• c) transmit to the Bank of Algeria a copy of the file, after an additional delay thirty days, in case of non-regularization and / or if the excess of settlement exceeds the countervalue100,000 DA.
3) Export rules goods and services

Art.56.- Exports of goods for sale firm or consignment and the exports of services, with the exception of those provided for in Article 58 below, are subject to the obligation of domiciliation.

Art.57.- The rules of domiciliation of service export contracts, collection contracts and repatriation of their product are the same as those applicable exports of goods.

Art.58.- In addition to the exemptions provided for in Article 33 above, the domiciliation of export contracts is not required for :
• temporary exports, unless they give rise to payment of benefits by repatriation of foreign currency;
cash on delivery of a value less than or equal to the the value of 100,000 DA made by through Algeria-post.

Art.59.- Domiciliation and repatriation export product hydrocarbons and mining products are subject to specific regulations.

Art.60.- The domiciliation of exports fresh, perishable and / or dangerous products can take place during the five days worked after the date of dispatch and customs declaration.

Art.61.- The export contract may be cash or credit. When the export takes place in cash, the exporter must repatriate the recipe from export within a not exceeding one hundred and twenty days, to count the shipping date for goods or the date of completion for the services.

When the payment of the export is due in excess of one hundred and twenty days, the export can not take place only after authorization by the competent services of the Bank of Algeria.

Art.62.- The exporter requests the opening a domiciliation file by presenting to the authorized intermediary the original and two copies of the commercial contract or any other document in lieu, and all other document possibly required. After checking the concordance between the original and the copies, one of these, bearing the number of the domiciliation file and the stamp of the intermediary approved, shall be returned to the exporter.

Art.63.- The exporter is required to indicate, on the customs declaration, the references of the bank domiciliation of the contract except for exports referred to in Article 58 above. This indication occurs at the latest in the five working days after the expedition.

Art.64.- The copy “bank” of the customs declaration is sent by the customs services to the intermediary approved domiciliation of the export.

Art.65.- Revenue from exports excluding hydrocarbons and off-products mining can not be cashed that the authorized intermediary domiciliation of the contract. The exporter is required to repatriate the product export within the deadlines by the regulations in force. Any delay payment and repatriation shall to be justified. Respect for the repatriation obligation revenue from exports is the responsibility of the exporter. Any delay payment and repatriation must be declared through the authorized intermediary at the Bank from Algeria.

Art.66.- The repatriation obligation is the amount invoiced as well as the amount of contractual additional costsCosts Subject to any written law, costs are at the discretion of the Court, and the Court has the power to determine all issues relating to the costs of or incidental to all proceedings, including by whom and to what extent the costs are to be paid, at any stage of the proceedings or after the conclusion of the proceedings. Generally “Costs” includes charges, disbursements, expenses, fees, and remuneration. Costs in any matter are payable from the date of the order of the Court unless the parties otherwise agree. The costs of a third-party funding contract are not recoverable as part of the costs of, or costs. when they are not incorporated in the selling price. The amount, object of the repatriation obligation, includes any indemnity or possible contractual penalty.

Art.67.- As soon as the repatriation of the receipts export, excluding hydrocarbons and products mining, goods and services, the authorized intermediary makes available from the exporter:

• the portion in foreign currency that comes back to him, in accordance with the regulations force, and which is housed in his currency account;
• the counter-value in dinars of the balance of revenue from exports subject to the obligation of assignment.
Revenue from non-domiciled exports and those repatriated late do not qualify for the benefit of retrocession in foreign currency.

Art.68.- The payment of exports in consignment is payable as and when sales made by the custodian or the commissionaire. The exporter is required to provide authorized intermediary domiciliation of the operation a monthly statement of accounts sales accompanied by duplicates of bills drawn on foreign buyers. Repatriation must intervene in the regulatory deadlines counted from the date of sale.

Art.69.- The control of the repatriation of exports is through domiciliary license on the basis of the documents transmitted by the exporter and the services customs.

Art.70.- The customs services transmit at the counter of the authorized intermediary domiciliation of the export file, any document useful for the control of the export operation, including:

• the customs declaration “exemplary bank “or the document admitted as equivalent;
• corrigendum documents attesting to any modification in the file export; documents relating to reimportation goods, if there is place.

Art.71.- Clearance of the export file is performed by the authorized intermediary domiciliation based on:

• the “bank copy” of the declaration in customs, for goods transmitted by the customs services;
• proof of repatriation received ;
• the statistical formula transmitted to the bank of Algeria.

Art.72.- The authorized intermediary is held to clear export files domiciled during the quarter following the regulatory deadline repatriation. For this purpose, must ensure that deadlines for payment and repatriation of transactions provided for in the commercial contract.

Art.73.- At the end of the period laid down in Article 72 above, the authorized intermediary domiciliary:a) clear the file if it is regular and in accordance with the regulations ;
• b) address the necessary comments to the exporter to get him to complete the file or to regularize it presents repatriation deficiencies ;
• (c) transmit to the competent services the Bank of Algeria a copy of the file, after an additional period of thirty days, in case of non-regularization.

Art.74.- The authorized intermediaries are required to address, to the Bank of Algeria, a report of the results of the clearance export records in the month that follows the quarter in question.

Title 6: Other current operations

Art.75.- The journey of resident nationals on the occasion of the Hajj opens right to a foreign exchange allowance the amount of which and the allocation procedures are fixed, each year, by regulation.

Art.76.- The trips abroad of residents, in a professional capacity, on the occasion of temporary assignments, entitle changes in daily allowances offsetting costs incurred, including conditions are laid down by regulation. The intermediary Approved banks are authorized to instruct and execute requests of their customers in the matter.

Art.77.- The trips abroad of nationals residents for care are entitled to a foreign exchange allowance the amount of which and the award procedures are set by instruction from the Bank of Algeria. This exchange allowance is issued by the authorized intermediary banks.

A foreign exchange allowance for studies is attributed to resident nationals pursuing studies at an institution higher education or undergoing long-term care and schooled in a normal or specialized establishment. The amount and the methods of award are set by Bank instruction from Algeria.

Transfers under the allowance studies are carried out through approved intermediary bank, or services of Algeria-Post.
Resident nationals are entitled to traveling abroad, a right of annual change, the amount and terms of are defined by instruction of the Bank of Algeria. This allowance exchange rate is issued by authorized intermediary banks.

The Bank of Algeria examines and authorizes any request for bona fide foreign currency to beyond the thresholds set for rights and allowances exchange rates defined in the framework of this article.

Art.78.- Subject to the legislation and of the conditions regulation recruitment and employment of foreigners in Algeria, foreign workers recruited by administrations and economic agents under Algerian law benefits right to transfer savings pay in the defined conditions by instruction of the Bank from Algeria.

Art.79.- The terms of related transfers maritime, air transport activities and terrestrial are fixed by instruction of the Bank of Algeria.

Art.80.- Transfers under income foreign investments are executed authorized intermediaries in accordance with to legislation and regulations in force.

Art.81.- Current transfers of administrations are carried out by through authorized intermediaries.

Title 7 – Miscellaneous Provisions

Art.82.- Individuals and associations legally constituted may, for personal use or in compliance with their statutesStatute A formal written legal enactment by a sovereign law-making body (Νόμος) > National Constitutions  > National Laws >  Indian Laws, import a good or a non-commercial service. These imports are subject to the same obligations than those performed by peopleMen Ανθρωποι (People), a woman (γυναίκα), Man (Ανδρας) > Adama, Manu > No proof to establish that due to mutation a monkey turned into a human being. physical and legal ArticleLegal article A good legal article establishes a paradigm (archetype) or, at the very least, comes close to doing so. Such an article will dictate thinking in a broad and long-term way, and many scholars will use its insights again and again. 24 above.

Art.83.- For the exercise of control over coins by the Bank of Algeria, the conditions and the practicalities of reporting and reporting international transactions current by intermediaries approved by the instructions of the Bank of Algeria.

Art.84.- The authorized intermediaries, without prejudice to the contrary provisions, must keep the domiciliation records and transfer and all other documents evidenceEvidence All the means by which a matter of fact, the truth of which is submitted for investigation, is established or disproved. Bharatiya Sakshya (Second) Adhiniyam 2023 of operations subject of this Regulation, during a period of at least five years,from the date of their clearance or execution.

Art.85.- Non-compliance with the provisions of this Regulation exposes the infringer the legal provisions in force.

Art.86.- Provisions contrary to this Regulation are repealed, in particular Regulation No 91-12 of 14 August 1991 on the domiciliation of imports, the regulation n ° 91-13 of August 14th1991 on the domiciliation and settlement of non-hydrocarbon exports and Regulation No 95-07 of 23 December 1995 amending and replacing the Regulation No 92-04 of 22 March 1992 on exchange control.

Art.87.- This Regulation will be published in the Official Journal of the RepublicRepublic Res publica> Δημοκρατίας. Having a head of the state. Pope is the head of the Vatican City state. The people execute their power through an Elected (direct/indirect) President. Political parties sponsored their presidential candidates. Indian president is a constitutional puppet under the ruling Cabinet. In the case of the appointment of  Indian judges, presidential power is a vanishing point. of Algeria democraticDemocracy It is commonly understood as being a political system of majority rule. The evolution of democratic tradition can be traced back to the Magna Carta (1215) and through the long struggle for Parliamentary supremacy which culminated in the English Bill of Rights of 1689, the emergence of representative political institutions in the colonial era, the development of responsible government in the 19th century. In institutional terms, democracy means that each of the provincial legislatures and the federal Parliament is elected by popular vote. These legislatures, are "at the core of the system of representative government". It is a 'power' word. Power rests with the ordinary Citizens. Only educated people understand power. A corrupt or controlled court system can cover failure of it. The religious concept is incompatible with it. Promise to spend more from the public treasury moves to Dictatorship. and popular.