The Tunisian foreign exchange reserves recorded a noticeable improvement during the past months, reaching 113 days of imports, which is a record coverage compared to the recent large decline, as it fell to the level of 73 days of supply during the last period.
By the end of this month, the Tunisian Central Bank estimated the reserves of hard currency at 19.8 billion Tunisian dinars (about 7 billion dollars).
The reason for the increase in foreign reserves of this currency is the increase in investment returns in the hard currency, especially the income of the privatization of "Zaytuna Bank" and "Zaytouna Takaful" and the increase in their capital, in addition to the decline in Tunisian imports from abroad.
The revenues of the tourism sector increased, recording nearly 5 billion Tunisian dinars (about $1.8 billion), as a result of the arrival of nearly 9.5 million tourists to Tunisia, which in turn contributed to the improvement of the Tunisian foreign exchange reserves.
The net assets of hard currency in Tunisia during the past years relied on external loans from the International Monetary Fund, which pledged to provide $2.9 billion during the period ranging between 2016 and 2020.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
