Monetary Indicators in Tunisia: Net Foreign Exchange Reserves Decrease
According to the monetary indicators published by the Central Bank of Tunisia (BCT) on April 17, 2025, net foreign exchange reserves have decreased to 22,797.7 million Tunisian dinars (Mtnd), compared to 23,432.2 Mtnd a year earlier. This decline is accompanied by a reduction in the number of days of import coverage to 100 days, compared to 107 days during the same period in 2024.
On the budgetary side, the current account balance of the Treasury shows a significant increase, reaching 1,883.3 Mtnd on April 16, representing a year-over-year increase of 979.9 Mtnd.
The amount of banknotes and coins in circulation continues to rise, reaching 23,625 Mtnd, compared to 21,699 Mtnd the previous year, representing a year-over-year increase of 1,926 Mtnd. This growth reflects a stronger demand for cash at the beginning of the year.
On the monetary market, the total refinancing volume has decreased slightly to 14,162.8 Mtnd. The key interest rate remains stable at 7.5%, down 50 basis points compared to last year. The money market rate follows the same trend, decreasing to 7.5%, compared to 7.97% previously.
Cumulative labor income has reached 2,126.8 Mtnd, representing a year-over-year increase of 146.2 Mtnd. Tourism revenue has also increased by 75.8 Mtnd, reaching 1,501.3 Mtnd.
Finally, the outstanding amount of Treasury bonds has surged to 22,423.9 Mtnd, representing a year-over-year increase of 6,627.6 Mtnd, indicating a greater reliance by the state on this financing method.
