The Minister for Foreign Affairs, European Union and Cooperation, José Manuel Albares, offers statements to the media on August 10, 2022 in Torrejón de Ardoz, Madrid (Spain). – Alejandro Martinez Velez – Europa Press


The Minister for Foreign Affairs, European Union and Cooperation, José Manuel Albares, reported this Thursday that “on the spot” studies are being carried out to determine whether Algeria is “fully” complying with the liberalization of banking transactions with Spain.

The head of Spanish diplomacy made the same point in an interview on TVE collected by Europa Press when asked about relations with the Algerian country, after the Professional Association of Banks and Financial Institutions (Abef) of Algeria recently approved banking operations announced with Spain, more than 50 days after Algiers announced a freeze on all transactions with Spanish banks.

“A few days ago we learned of a new circular from the banking association that liberalizes commercial relations in the possibility of direct debit, and what we are doing is going on the spot and checking that this is happening in full,” he explained.

In that sense, he pointed out that the executive would like to have “all the best relations” with neighboring countries and that these are based on “sovereign equality” and “non-interference”.


This reversal comes after 50 days of freezing direct debits from Algeria to Spain’s foreign trade, which the Maghreb country suspended on March 9.

The Algerian authorities have criticized the Spaniards for the campaign undertaken to argue for a change in policy, which they say requires a “violation of the legal, moral and political obligations” of what remains “administrative power”. the Western Sahara.

Source europapress.es

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