Tunisia's foreign currency reserves have risen slightly from 4.164 billion dollars to 4.343 billion dollars, the equivalent of 83 days of imports after it sold €500 million worth of bonds last week. Tunisia had just reached the lowest levels in three decades at 73 days of imports on Tuesday.
Tunisia was able to secure €500 million as part of a promotion campaign in the world's most important financial markets, financed by the Finance Minister, Ridha Chalghoum, and Central Bank Governor, Marouane Abassi, in order to finance budgetary needs for 2018 with an interest rate of 6.75% and a repayment period of 5 years.
The Central Bank disclosed that nearly 120 institutions had made financial offers, with an estimated amount of €1250 million.
Foreign exchange reserves remain weak compared to supply needs, especially as the energy import bill negatively affects the balance of payments with tight currency resources.
Source: (Al-Arabi Al-Jadeed newspaper, Edited)
