BEA proposes deferred-payment documentary credits to importers

Aug 31, 2009 | NNN-APS

ALGIERS- The External Bank of Algeria (BEA) proposes to raw materials importers, deferred-payment documentary credits and interim credits, under the complementary finance act 2009, the bank CEO Mohamed Loukal told APS on Wednesday.

Through these instruments of payment, this public bank plans to propose to importers deferred documentary credits for deadlines ranging from 30, 90 and 180 days and even to one year... Full article at: