OPEC Member Algeria Replaces Central Bank Chief After Criticism

  • Local currency has weakened by about 30 percent since 2014
  • Central bank viewed as ‘spectator,’ professor Mechdal says

Algeria replaced long-serving central bank Governor Mohamed Laksaci, after he was disparaged for his performance during the plunge in oil prices that damaged the country’s finances.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.