انعكاسات تعديل قانون النقد و القرض في سنة 2017 على فعالية السياسة النقدية في الجزائر

Abstract EN

This study aims to know the 2017 amendment content on the Monetary and Loan Law, to clarify its implications on the effectiveness of the monetary policy in Algeria, in terms of its impact on the monetary mass components, on inflation rates and bring out its implications for the independence of the Central Bank.

This study found that the amendment eased the restrictions of the public treasury in resorting to the Central Bank to obtain financing led to excessive issuance of cash via unconventional financing, impacted the general budget deficit and limited ,thus, the Central bank independence.