The Rise of Tunisia's Foreign Exchange Reserves

  • Tunis, Republic of Tunisia
  • 17 July 2019
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The net foreign currency assets of the Central Bank of Tunisia rose to 16.3 billion dinars, allowing Tunisia to cover 91 days of imports according to the data published by the Central Bank on its website.

The volume of foreign exchange assets at the Central Bank of Tunisia has improved in recent days as the country has been able to cover 80 days of imports.

Tunisia, and according to the data of its latest financing process, managed to obtain an increase of 700 million euros to it foreign exchange reserves after receiving the fifth installment of the extended facility agreement with the International Monetary Fund. The improvement in Tunisia's foreign currency resources comes at a time when the tourism sector is experiencing a recovery in the level of tourists’ arrival, and the agricultural sector is witnessing a remarkable boom, which is one of the largest consuming sectors of the country's foreign currency supply.

According to the data of the Central Bank of Tunisia, the value of traded banknotes amounted to 12.9 billion dinars, while the total amount of refinancing was 15.2 billion dinars, whereas the current account of the treasury included 203 million dinars.

Source (Saudi Press Agency, Edited)