RE: Algerian Government Eyes Total Ban on Cryptocurrencies

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Algerian Government Eyes Total Ban on Cryptocurrencies

in cryptocurrency •  7 years ago 

Who cares about Algerian Crypto market !? Does it even exist ?
Buy the way, this is some real and up to date fact about money in Algeria :

Algerian authorities like to keep a close eye on the money coming in and out of the country, and you will have to abide by the rules.

All foreign currency being brought into Algeria should be disclosed when entering the country by filling in an official form.

Each person leaving Algeria will be stopped and asked if he/she has any foreign money and will possibly be searched.

If foreign currency was declared when entering the country, any disparity between the amount arrived with, and the amount held at departure, must be accounted for.

Sounds like an incredible hassle, but this is the deal the government wishes to impose on travellers inside its borders

If a traveller failed to declare any currency when entering Algeria, and is found to possess foreign currency while exiting the country, the penalties may be severe.

This is what is Algeria when we talk about money...

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