President Bouteflika pays homage to late Mujaheed Mohamed-Seghir Mostefaï

ALGIERS- President of the Republic Abdelaziz Bouteflika on Thursday sent a condolences letter to the family of late Mujaheed Mohamed-Seghir Mostefaï, former Governor of the Central Bank of Algeria, to whom he paid homage for his dedication to the country and his praiseworthy contribution to the economic and financial fields.

“I learnt the passing of late Mohamed-Seghir Mostefaï following a long life he devoted in the service of his homeland as an activist of the national movement and Mujaheed during the national war of liberation” wrote the President in his message.

“After independence, the deceased has held, thanks to his experience in the economic field, the position of Governor of the Central Bank of Algeria. With his peers, he managed to prevent post-colonial financial shocks, due to poverty and underdevelopment.

Subsequently, the deceased has won the esteem of many people for his loyalty, seriousness and perseverance,” added the Head of State.

“Algeria lost an official who is distinguished, honest and committed to the country’s development and prosperity, known for his praiseworthy contribution to the economic and financial fields, symbol of progress, force and prosperity, added President Bouteflika, assessing that “his passing is a loss for the Algerians who should learn from his glorious experience.”

“In this painful ordeal, I present my sincere condolences and assure you of my deep compassion and Pray God the Almighty to grant him His holy mercy and welcome him in His wide paradise,” concluded the Head of State.

Former Governor of the Bank of Algeria and Mujaheed Mohamed Seghir-Mostefai, died at age of 90, his relatives said Thursday.

He was notably one of the negotiators of the Evian Accords, signed in March 1962 between the Provisional Government of the Algerian Republic (GPRA) and the French colonial authorities.

After independence, the deceased has held the position of Governor of the Central Bank of Algeria (currently Bank of Algeria) from December 1962 to June 1981.