The reality of banking and electronic banking reforms in light of a changing Algerian institutional environment

Abstract

The banking system is considered the pillar of development of any economy in the world, for this Algeria has undertaken a series of economic reforms since 1990 in order to move from a planned economy to a market economy, and reduce the intervention of the State. Thus boosting the role of the banking institution and adapting their systems, structures and strategies with its environment is considered among the most important financial reforms through the Money and Credit Law of 1990. These reforms were surrounded by a set of laws and of legislations, and in spite of all that our banking system remains among the elements which do not encourage the direct foreign investments as well as the local consumption, also the electronic banking remains far from the aspirations of the individuals. The Algerian economy does not suffer from a crisis of laws and legislation, but above all it suffers from the presence of an unstable institutional environment and a crisis in the systems, because our economic and banking policies are not the result of Culture
of Algerian society.