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The Bank of Algeria issued Regulation No. 04-26, dated 17 September 2026, to govern the domestic gold market. The regulation allows banks and financial institutions to buy and sell gold on a spot or forward basis, deposit and hold it, open gold accounts, and pledge it as collateral for loans and other financing. It requires these institutions to keep their net gold positions within 10% of their regulatory own funds and assigns an 80% risk-weighting ratio to gold accepted as collateral for risk mitigation. Gold accounts are not covered by bank deposit guarantee schemes and must therefore be insured. Institutions must also verify the gold’s quality, purity and origin, and comply with anti-money-laundering and counter-terrorist-financing rules.
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