March 17, 2019 / 11:47 AM / 6 months ago

Algeria c. bank raises reserves requirements for banks to 12 pct -APS agency

DUBAI, March 17 (Reuters) - Algeria’s central bank has raised reserves requirements for banks to 12 percent from 8 percent, the state news agency APS reported on Sunday.

APS said the move followed an increase in liquidity in the market.

Reporting By Aziz El Yaakoubi Editing by Keith Weir

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