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Money Transfer from Algeria


#1  2011-05-21 15:10:45

engrmik
New member
Registered: 2011-05-21
Posts: 4

Money Transfer from Algeria

Hi!
I am from Pakistan. I will be moving to Arzew, Oran for a job. I want to know how can I transfer my savings to my country? Are there any restriction for transferring foriegn exhange out of Algeria? I will apprciate any help in this regards,
Thanks




 
 
 
 

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#2  2011-05-24 19:09:30

gavioslei
Member
From: tizi ouzou
Registered: 2011-05-04
Posts: 11

Re: Money Transfer from Algeria

hi
I worked  in arzew for 5 years. smal town but quiet one.
for what u need  as algerien we are not allowed to tresfer mony outside the country but for expat  I m not sure. what u have to do  is to cantact the BAE bank ( la banque extérieure  d'Algérie)there is to  agencies  one inside  the industriel zone  the other in the town near Tasili Hotel. u can also  ask BDL bank (banque   de développement local) they have un international systeme colled MONY GRAM also u have  WESTERN UNION   by  Société Général BANk.
if u need any other information u can cantacte me .
cheers.




 
 
 
 

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#3  2011-05-24 20:29:10

engrmik
New member
Registered: 2011-05-21
Posts: 4

Re: Money Transfer from Algeria

Thankx for the reply @ gavioslei

I am going to contact these banks to get further information. One more thing that i will like to know here is what is the income tax rate applicable to expats in Algeria?




 
 
 
 

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#4  2011-05-29 22:46:02

gavioslei
Member
From: tizi ouzou
Registered: 2011-05-04
Posts: 11

Re: Money Transfer from Algeria

Hi engrmik how are u?
for ur  the income tax rate applicable to expats in algeria realy i have no idea so I suggests u see with your company accountant will give you more information than me.




 
 
 
 

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#5  2011-05-31 18:28:01

aymen-monastir
New member
aymen-monastir
From: Alger
Registered: 2011-05-30
Posts: 4

Re: Money Transfer from Algeria

for income tax it is 35%, you pay 9 % and your company 26 %. Regarding transfert of money, you are allowed to transfert only 60% of your salary after geting resindence and opening bank account.
aymen.sp[at]gmail.com
regards




 
 
 

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#6  2011-06-22 01:07:04

zedrec
New member
From: algeria
Registered: 2011-06-12
Posts: 7

Re: Money Transfer from Algeria

what about western Union ???? in algiers we have that place where you can exchange currencies directly from hand to hand .. I know it's illegal in other countries but (this is Algeria) ^^

so if I were you .. I would do the currency exchange with those people (not the safest way) but a bank would take % for that and make sign contracts and stuff !! ..

and it may take time as well ... but with those people the exchange is done immediately ... and then send it via western Union smile .. 

by the way .. the people I'm talking about are .. um .. I know it's weird but it's a small places where you have standing on the street holding money and waiting for clients smile ..

it's Algiers .. downtown .. you can ask for "la bourse en noir" or something like that .. en noir mean illegal but as I said ..

you don't have to worry because the Algerian authorities are aware of that ^^




 

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#7  2011-06-22 11:09:41

aymen-monastir
New member
aymen-monastir
From: Alger
Registered: 2011-05-30
Posts: 4

Re: Money Transfer from Algeria

@zedrek : yes it is true what are you saying. But when we send money via bank , 10000 AD will be equal to 100 euro . But in black market we have to give 14300 AD to get 100 euro . So this is the problem. In additionally when we receive money from outside algeria it is better to go through black market so you will win 43 % more than bank. This is only in algeria , in other countries the difference between black market and bank is only almost 1%




 
 
 

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#8  2012-03-06 16:33:44

Globaltechnical
New member
From: Lagos
Registered: 2012-02-16
Posts: 1

Re: Money Transfer from Algeria

Am an algerian National , Please how do i send money out of Algeria, what are the procedure

Ammen




 
 
 

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