Since mid-March, the Bank of Algeria requires importers and exporters to register their bank prédomiciliation online. With operators who denounce the slowness of procedures and the failure of some banks, a new tug-of-iron committed.
Panic in the import-export. Since March 15, a note published by the Bank of Algeria Algerian requires importers and exporters to go through an electronic prédomiciliation.
In other words, as of March 15, 24 hours after the publication of the note, companies had to provide data via the Internet to identify them (trade register number, tax identification number, etc.) to their bank to validate the domiciliation file for releasing the goods.
“The operation, open exclusively to traders ‘defined and recognized’ in foreign trade in the sense of the law, begins with the registration of the operator on the prédomiciliation website of the bank’s choice from which he obtained a right of access to the site concerned, “informs the Association of banks and financial institutions (ABEF) in a statement.
“This statement has frozen exports, especially for small operators, who encounter more barriers in their dealings with banks. We certainly understand that this note is to ensure the transparency of commercial transactions, but we also know that some private bank branches refused to producers to make their prédomiciliation! “Protested Naceri Ali Bey, president of the Association Algerian exporters. But in this story, companies are not the only unhappy. Banks moaning too.
“This rating not only disrupts the specialized traders, but also the banks that did not have enough time ahead of them to set up the device on the internet, said an official of a foreign bank. Especially as customers, them we put pressure for it to be done quickly. “
CHEATING
On the banking side, the prédomiciliation system “always plant,” says a foreign bank framework. “Our bank has commissioned last Wednesday. We preferred to wait a few more days in order to establish a reliable platform rather than rush and have a system that plant. Some foreign banks have been forced to cheat and put earlier dates on the files so as not to block their customers.
It is legitimate. We have not had enough time to set up reliable systems. “In the Wilaya of Biskra date exporters have, according to Ali Bey Naceri, was very surprised by the response of agencies of foreign banks” who refused to make prédomiciliation because they were not informed and could not even steer or explain to their customers where to go and how to do this prédomiciliation. “
“Normally, it is the government to facilitate procedures for local economic operators who are fighting to continue to export their products, he said. The main obstacle to the development of exports currently, it is the regulation of foreign exchange as defined by the Council of Money and Credit. “The importers are still waiting for the distribution of licenses, also ensure that the situation is “critical”. For them, the government is engaged in a “dirty game”.
1 euro for 165 DA
“We fully understand that the government wants to have complete control over the goods and transactions, but it should not lead the onslaught against us. Almost every week, he leaves us a note or a law that paralyzes our business! After the story of licenses and the distribution of quotas for certain activities, it innovates with electronic prédomiciliation “complains the owner of a food company. The troubles are not over for importers. “We will take further steps in the days ahead.
Our next goal to reduce imports, is to minimize foreign exchange transactions in the informal market and push importers who manage this market to go through the formal market, “tells us a source at the Bank of Algeria.
The Governor of the Bank of Algeria Mohamed Laksaci warned Wednesday at the NPC: “We have drafted a new law amending the licensing exchange offices Conditions
.
A measure to absorb the currency circulating in the informal circuit. “He also states that” the instruction, to be released just after the publication of the new Regulation in the Official Journal, will increase the profit margin of exchange offices to make this activity more attractive as before, it was 1%. ” On the informal market, the price of the euro, very sensitive to all these announcements, is plummeting. So he traded against 195 DA few weeks ago, it now sells for 165 dinars. “This drop is due to lower demand. It is the importers who buy us mostly currency, but given the noose tightens around them, the volume of goods declined.
So, importers do not buy the same as before we are. As there is less pressure on the euro, it sells cheaper, “said a trader at Square Port Said. But in the formal circuit (banks) the value of the euro rose against the dinar, and this because of the fall in the value of the national currency.
electronic tax card
If many importers are concerned about since the publication of the note on the prédomiciliation, others felt that this should be accompanied by “the introduction of online payment to spare us as the bank bureaucracy.” “They only accelerate the things that suit them, to the detriment of importers that live every day,” laments an importer of IT products installed in Blida.
“They have set up electronic tax card, the electric prédomiciliation but to pay, nothing …” In early March, as farmers increase their efforts to boost their production in order to export, some apple saw tons of earth ‘thrown away while they were in port, ready for export to Europe, “lamented a producer of El Oued who wishes that” the government and the CFE hold their promises and facilitate approaches. “
The Exporters Association, which claimed this week the cancellation of the note on the prédomiciliation, still awaiting the response of the Governor of the Bank of Algeria. But for ABEF, companies and banks will quickly realize that “this note is positive” for the economy and for economic operators. “It is normal that the operators are worried, explained Boualem Djebar, president of the ABEF.
It may be that there is little dysfunctional, but do not say that this device is bureaucratic. Now, all banks have their platform in place and we recorded since March 15 of over 1000 prédomiciliations. We recommended to banks to facilitate procedures especially exporters, to be encouraged. We will work with the Association of exporters to resolve all grievances. “
