Rising Remittances of Tunisian Workers Abroad Support Economy

  • Tunis, Republic of Tunisia
  • 4 July 2024
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The value of remittances of Tunisian workers abroad reached about $ 2.7 billion in 2023, according to data from the World Bank and the International Organization for Migration. The Central Bank of Tunisia revealed that the remittances of residents abroad from hard currency since the beginning of 2024, until the end of June 10, June, increased by 3.5 percent year-on-year. The value of remittances amounted to 3.167 billion dinars ($ 1.02 billion), compared to 3.055 billion dinars ($ 983 million) during the period. Same from last year.

The Central Bank of Tunisia acknowledged that these remittances, along with tourism revenues, contributed to supporting the country's foreign exchange savings. According to the central bank, the Tunisia balance of hard currency amounted to 24.36 billion dinars ($7.85 billion), equivalent to 112 days of supply of goods. The Tunisian diaspora is estimated at more than 1.8 million Tunisians residing regularly in many countries, representing 15 percent of the total population in Tunisia, mostly in Europe.

Source (Al-Araby Al-Jadeed Newspaper, Edited)

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