The Bank of Algeria is the central bank of Algeria, responsible for managing the country's monetary policy and ensuring financial stability. Established in 1962, it plays a crucial role in regulating the banking sector and overseeing the national currency, the Algerian dinar. In addition to its monetary functions, the Bank of Algeria supervises commercial banks and financial institutions, ensuring compliance with regulations. It also manages foreign exchange reserves and implements policies to promote economic growth and development within the country.