Algerian president fires central bank governor following oil price drop
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President Abdelaziz Bouteflika on Tuesday fired Algeria's central bank chief, who had been under pressure from ruling party critics over his management of fall-out from the 2014-2015 global oil price drop, two government sources said.
Mohammed Laksaci had been the central bank governor for more than a decade. Bouteflika held a cabinet meeting early on Tuesday, according to state news media.
The central bank chief would be replaced by Mohamed Loukal, chairman of state-run Banque Exterieure d'Algerie, one of the country's largest government controlled banks.
