IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jan 2017 | Removal date: open ended
Still in force

Trade payment measure

Article 111 of Algeria's Finance Act for 2017 removes the obligation to pay imports via documentary credit. The requirement had been introduced with the Complementary Finance Law of 2009 which established documentary credit as the only means of payment. The requirement had been relaxed to include documentary remittances via the Finance Act of 2014. Its full elimination aims to facilitate imports and thus lower domestic prices.

AFFECTED COUNTRIES

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