Tunisia's Net Foreign Assets
Tunisia's net foreign assets stood at 25.5 billion dinars as of December 29, 2025, covering 108 days of imports, according to the latest statement from the Central Bank of Tunisia (BCT).
Comparison to 2024
Compared to the same period in 2024, reserves show a slight decline. They were then valued at 25.8 billion dinars, covering 116 days of imports. In fact, the maintenance of reserves occurs in a context marked by a deterioration of the trade deficit. Over the first eleven months of 2025, it reached 20.168 billion dinars, compared to 16.758 billion the previous year. This deterioration is mainly due to the increase in imports, which directly affects foreign exchange outflows.
Support from Tourism and Remittances
Despite this, the reserve situation has been partially supported by the good performance of tourism revenue and income from Tunisians working abroad, which have helped to contain the current account deficit. As of the end of November 2025, the current account deficit stood at 4.188 billion dinars, or 2.4% of GDP, compared to 1.2% of GDP the previous year. This development shows that, even if foreign exchange inflows are increasing, they remain insufficient to fully offset the impact of foreign trade.
Stability of the Dinar
Another element highlighted by the BCT is the resilience of the dinar on the foreign exchange market. The national currency has appreciated against the US dollar, while experiencing a moderate adjustment against the euro. This relative stability contributes to limiting the pressure on foreign exchange reserves, particularly by reducing the cost of certain dollar-denominated imports.
