Algeria easing foreign payment cards issuance
The Bank of Algeria has issued a circular facilitating the issuance of international payment cards for citizens wishing to travel, in order to implement the foreign exchange rights that have recently come into effect through new procedures. These cards are available with a limit of up to 750 euros for seniors over 19 years old, and 300 euros for individuals between 12 and 19 years old. The cards are issued in the beneficiary's name and are linked to a foreign currency account, with the requirement of maintaining an account in the national currency as well. Travelers must submit their applications prior to their trip. The cards are valid for up to three years and come with 24/7 assistance services to ensure currency exchange operations are strictly travel-related.
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