Expat Exchange
Free MembershipSign In

Algeria Expat Forum

Transferring money out of the country (Inheritance)

New Topic Newest First
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

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!

Allianz Care
Allianz Care

Flexible solutions allow you to tailor your cover to meet your needs and budget. Use Promocode: LIFE10 and get 10% off your international health insurance for life!
Get Quote

Allianz CareAllianz Care

Flexible solutions allow you to tailor your cover to meet your needs and budget. Use Promocode: LIFE10 and get 10% off your international health insurance for life!
Get Quote

Living in Algeria GuideLiving in Algeria Guide

Guide to Living in Algeria covering expat life, local culture, finding a home, diversity and more.

Algeria Forum Algeria Forum
Join our Algeria forum to meet other expats and talk about living in Algeria.

Contribute to Algeria Network Contribute
Help other expats and newcomers by answering questions about the challenges and adventures of living in Algeria.

Best Places to Live in Algeria Best Places to Live in Algeria

Are you eager to hit the slopes in Algeria? Our detailed guide showcases the best places to ski in Algeria. From the most thrilling runs for avid skiers to welcoming family areas, and from dining options to additional leisure activities, we cover it all for the ultimate ski trip.

Expat Healthcare Advice in Algeria78 Expats Talk about Healthcare & Health Insurance in Algeria

Expats living in Algeria talk about their own experiences with healthcare, hospital visits, emergencies, finding a doctor, buying health insurance in Algeria and more.

Cost of Living in AlgeriaCost of Living in Algeria

Expats offer insight into the cost of living in Algeria.

Moving to AlgeriaMoving to Algeria Guide

Our guide to moving to Algeria with lots of advice from expats on the ground.

Guide to Real Estate in AlgeriaGuide to Real Estate in Algeria

Advice for people renting and buying real estate in Algeria.

Pros Cons of Living in AlgeriaPros & Cons of Living in Algeria

Take off your rose-colored glasses and learn what expats have to say about the biggest challenges and the greatest rewards of living in Algeria.

Retiring in AlgeriaRetiring in Algeria

Advice for people retiring in Algeria.

Allianz Care
Allianz Care

Flexible solutions allow you to tailor your cover to meet your needs and budget. Use Promocode: LIFE10 and get 10% off your international health insurance for life!
Get Quote

Allianz CareAllianz Care

Flexible solutions allow you to tailor your cover to meet your needs and budget. Use Promocode: LIFE10 and get 10% off your international health insurance for life!
Get Quote

Contribute to Algeria Network Contribute
Help others in Algeria by answering questions about the challenges and adventures of living in Algeria.

William Russell
William Russell

Copyright 1997-2024 Burlingame Interactive, Inc.

Privacy Policy Legal