The Central Bank of Tunisia (CBE) has announced that Tunisia's foreign exchange reserves rose to a level that covers imports for 91 days, a week after signing a $500 million loan from Saudi Arabia.
According to the same source, Tunisia's foreign currency reserves stood at 15.09 billion dinars (about 4.99 billion dollars), or 91 days of imports after being 80 days earlier.
The Tunisian government announced the signing of the Minister of Finance Ridha Chalghoum in the Saudi capital on a loan on concessional terms worth 500 million dollars.
Youssef Chahed, the Tunisian Prime Minister said last month after a visit to Riyadh that Saudi Arabia has pledged about $830 million as financial aid, of which $500 million would be used to fund the budget. While the European Union agreed to provide a package of financial aid to Tunisia worth 305 million euros.
Source (CNBC Arabic site, Edited)
