ANNOUNCED AS TEMPORARYNo
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.
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