ALGIERS —
Algerian President Abdelmadjid Tebboune on Monday sacked central bank chief
Rostom Fadli, in office for less than two years, the presidency announced
without giving any further explanation.
اضافة اعلان
Tebboune appointed Mr
Salah Eddine Taleb to replace him. Fadli took office in June 2020 as interim
head of the central bank of Africa’s fourth-biggest economy, later being
confirmed in the role.
Algeria is a rentier
economy dependent on oil exports for 90 percent of its foreign income, and therefore
vulnerable to price movements. Despite seeing those revenues explode in recent
months with the energy crisis caused by
Russia’s invasion of Ukraine, the North
African country has also been hit hard by concurrent price hikes on its vital
wheat imports.
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