DUBAI- Algeria's central bank has raised reserves requirements for banks to 12 percent from 8 percent, the state news agency APS reported on Sunday.

APS said the move followed an increase in liquidity in the market.

(Reporting By Aziz El Yaakoubi Editing by Keith Weir) ((aziz.elyaakoubi@thomsonreuters.com; +971552994086; Reuters Messaging: aziz.elyaakoubi.reuters.com@reuters.net))