Algeria has once again extended a measure allowing importers to pay for freight costs through a special payment arrangement. A recent notice from the Association of Banks and Financial Establishments (Abef) to banks confirms the extension until December 31, 2026. This exceptional authorization, initially implemented to ease import-related financial burdens, permits the settling of invoices including freight charges through a specific process. The measure was previously renewed in December, indicating ongoing challenges for Algerian importers. The extension suggests a continued effort to support trade and manage foreign exchange pressures. This decision impacts businesses relying on imports and the banking sector facilitating these transactions. The move aims to provide continued financial flexibility for importers facing shipping costs.
