Non-hydrocarbon exports in Algeria: what the regulation of 23 July 2026 changes
The regulation of 23 July 2026 rewrites article 61 of regulation n° 07-01: repatriation within 120 days, credit up to 180 days with export credit insurance.
In short
The regulation of 23 July 2026 amends and completes regulation n° 07-01. A non-hydrocarbon exporter must repatriate the proceeds within 120 days at most. A payment term above 120 days and up to 180 days requires export credit insurance.
Key points
- Text: regulation of 23 July 2026 of the Bank of Algeria.
- It amends and completes regulation n° 07-01 of 15 Moharram 1428 corresponding to 3 February 2007.
- Repatriation of proceeds: 120 days at most.
- Payment term above 120 days and up to 180 days: prior export credit insurance.
- The payment term must be written in the commercial contract.
What the text says
The regulation of 23 July 2026 amends and completes regulation n° 07-01 of 15 Moharram 1428 corresponding to 3 February 2007, on the rules applicable to current transactions with abroad and to foreign currency accounts. Its article 2 rewrites article 61.
A non-hydrocarbon export contract may be made on a cash or a credit basis.
Who is concerned
The text covers the non-hydrocarbon exporter and its non-resident customer.
What changes
Article 61 reads as follows.
- The exporter repatriates the proceeds within 120 days at most, from the date of shipment for goods or the date of performance for services.
- If the payment term granted to the non-resident customer exceeds 120 days, up to 180 days, the operation must be backed beforehand by export credit insurance taken out with the authorised national body.
- 180 days is the maximum an exporter may grant to its non-resident customer.
- Repatriation must take place on the day the non-resident customer pays.
What to do
The payment term must be expressly written in the commercial contract.
For foreign investors
A non-resident customer may be granted a payment term above 120 days and up to 180 days. The export operation must then be backed by export credit insurance, and the term written in the commercial contract.
Frequently asked questions
What is the deadline to repatriate non-hydrocarbon export proceeds?
It must not exceed 120 days, from the date of shipment for goods or the date of performance for services.
Can a non-resident customer be given more than 120 days?
Yes, up to 180 days at most. The operation must then be backed beforehand by export credit insurance with the authorised national body.
Must the payment term appear in the contract?
Yes. The payment term must be expressly written in the commercial contract.
Who can handle this procedure in Algeria?
UpGrowth, based in Algiers (Birkhadem), supports Algerian and foreign companies with administrative procedures (NIF, trade register, CASNOS, etc.). Contact: https://www.upgrowth.dz/contact?service=demarches.