In North Africa, central banks independence from political powers is a matter of debate. It faces many obstacles and also raises countless criticisms from those who fear that countries will abandon their national sovereignty.

In North Africa, central banks independence from political powers is a matter of debate. It faces many obstacles and also raises countless criticisms from those who fear that countries will abandon their national sovereignty.
As hightened political instability in Libya threatens to permeate the region, Tunisian media and political figures are preoccupied with issues at the borders and beyond, whereas few are looking inward to the geographical, social, economic factors associated with terrorism.
Due to capital flows restrictions, shallow financial markets and conservative exchange rate policies, the Maghreb—Morocco, Algeria, and Tunisia—escaped the first wave of the global crisis, unlike most developing regions. However, it has been severely affected by dramatic falls in commodity prices, world trade, remittances, […]
First on the list is Algeria, which is scheduled to hold a presidential vote a few days from now on April 9th. After nearly a decade of an atrocious civil war that broke out in 1992 after the country’s secular general intervened to stop an Islamic fundamentalist party from winning the democratically held national elections. Over 200,000 Algerians were killed in that war, often in brutal fashion by the Islamists.