Algeria to ban cryptocurrencies, as its government and central banking is mismanaged
TUNIS - Experts warned of “predation” of Algeria’s finances by people linked to Algerian President Abdelaziz Bouteflika’s regime amid unprecedented protests demanding the overthrow of the political and business establishment.
Economists said poor and middle-class Algerians, many of whom joined protests since February 22, are likely to feel the pain of what former Prime Minister Mokdad Sifi called the “economic disaster” to be left behind by Bouteflika.
“The threat of rising acts of predation is real, especially in the context of the expected change of political leadership with the privileged ties enjoyed by several private sector businesspeople to the state under the regime of Bouteflika are now called into question,” warned Our Algeria Built on New Ideas (NABNI), a think-tank in Algeria.
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