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Conquered by the Vandals about A.D. 440, it fell from a high state of civilization to virtual barbarism, from which it partly recovered after an invasion by Arabs about 650. Christian during its Roman period, the indigenous Berbers were then converted to Islam. Falling under the control of the Ottoman Empire by 1536, Algiers served for three centuries as the headquarters of the Barbary pirates. Ostensibly to rid the region of the pirates, the French occupied Algeria in 1830 and made it a part of France in 1848.

Algerian independence movements led to the uprisings of 1954–1955, which developed into full-scale war. In 1962, French president Charles de Gaulle began the peace negotiations, and on July 5, 1962, Algeria was proclaimed independent. In Oct. 1963, Ahmed Ben Bella was elected president, and the country became Socialist. He began to nationalize foreign holdings and aroused opposition. He was overthrown in a military coup on June 19, 1965, by Col. Houari Boumédienne, who suspended the constitution and sought to restore economic stability. After his death, Boumédienne was succeeded by Col. Chadli Bendjedid in 1978.
 

 

last articles

Algeria is a founding member of the Middle East & North Africa Financial Action Task Force, which is an associate member of the Financial Action Task Force. On February 5, 2005, Algeria enacted a new Law on the Prevention and Fight against Money Laundering and Financing of Terrorism, to replace... more

Aloui salima

Ordinance 03-11 of August 26, 2003, which pertains to currency and credit, governs banking activities in Algeria. Principles of the Algerian banking system Only banks, financial institutions and mutual associations may perform banking activities. The ordinance gives banks all the freedom that they need to choose their customers ... more

Goussanem khaled

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