The Ministry of Finance has mandated banking channels for significant transactions, including real estate, car sales, yachts, and compulsory insurance, aiming to regulate financial flows and enhance fiscal control.
In a circular issued on January 7, 2025, and signed by Azzedine Moussa, Director General of the Treasury and Public Accounting, regional treasury directors were instructed to implement Article 207 of the 2025 Finance Law. This provision makes bank transactions mandatory for real estate operations—whether involving built or unbuilt property—as well as for vehicle sales, industrial equipment, yacht purchases, and compulsory insurance contracts.
The new measures, effective immediately, aim to modernize Algeria’s financial system, improve tax collection, and mitigate risks of money laundering. By requiring banking documentation for significant transactions, the policy enhances transparency and tracking of financial movements.
This reform aligns with the government’s broader efforts to foster a formal economy and improve the business climate, marking a significant step towards reducing parallel market activities.
This new regulation mandates Algerians to use bank transfers for purchasing real estate, vehicles, yachts, and insurance. It reinforces transparency and combats illegal activities, representing a key milestone in Algeria’s financial reforms.
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