أثر إقرار قانون النقد و القرض للتمويل غير التقليدي و نظام بنك الجزائر للصيغة التشاركية على الاقتصاد الوطني

Abstract EN

The Algerian legislature has approved unconventional financing by amending the Monetary and Loan Law and adding Article 45 bis.

The application of this unconventional financing has led to the emergence of negative effects on the national economy, the most important of which is high inflation rates due to the increase in the monetary supply without coverage, which in turn led to positive effectsOne of the most important partial filling of the budget deficit of the years 2017, 2018 and 2019, in addition to the repayment of the internal debt.

On the other hand, the Bank of Algeria issued a system of 18-02 which established the Islamic exchange, which was called at the core of the system the "participatory formula".

Because the latter did not stipulate Islamic banking, which needs special provisions to regulate it.

As for the impact of the participatory formula on the national economy, it is expected to increase the economic growth of the state and attract more funds into the banking system