CIGNA Expat Health Insurance
Private Messages Friends Invite My Jobs My Properties My Profile My Tips

Algeria Expat Forum

Transferring money out of the country (Inheritance)

Post New Topic
adam686
9/22/2014 21:05 EST

Hello!

I'm wondering if anyone has any experience or advice with regards to getting sizable amounts of money out of Algeria and into the US. (let's say the equivalent of $500,000+ USD; or > 50,000,000 Algerian Dinars worth). We inherited this money and would like to be able to access it (we are currently living in the US). I'm very clueless about how the banking system in Algeria works, but from what I gather the infrastructure is very "primitive". So how can one go about converting this money into USD and getting it to a US bank account safely and legally? I noticed that Citibank and HSBC do appear to operate in the country - does anyone have any experience trying to get this done through them? I'm used to the US banking system where you can just show up with cash and make things happen - but it seems like Algerian Dinars are not well-recognized currency outside of the country.

So basically: Have a lot of Algerian Dinars in Algeria. Interested in getting them converted to USD and transferring them out of the country (to the US). Any thoughts/suggestions/insights? I'd greatly appreciate any experience which could be shared on the subject!

Thank you very, very much for your time!

-Adam

Post a Reply

00abuse

Nabilo
10/1/2014 19:25 EST

It's illegal to transfer money out of Algerian soil, the only people who can do that are export/import agencies, and the government of course. It's sad really, but you can always contact the U.S embassy in Algiers they may be of some help!

Post a Reply

00abuse

Expatriate Health Insurance

Get a quote for expat health insurance in Algeria.

Mail Forwarding to Algeria

Mail Forwarding to Algeria.


Expat Tax

Expat Tax Preparation, Expat Tax Professionals


International Moving Companies

Moving to Algeria? Find a moving company.

Join Today (free)

Join Expat Exchange to meet expats in your area or get advice before your move. It's FREE and takes 1 minute!

Copyright 1997-2017 Burlingame Interactive, Inc.

Privacy Policy Legal