The US Dollar Continues to Put Pressure on the Tunisian Dinar
According to the daily monetary and financial indicators published yesterday by the Central Bank of Tunisia (BCT), the average interbank exchange rate of the dinar against the dollar has fallen by 7.84% over the past year. In other words, it now takes 2.88958 dinars to buy one dollar, compared to 3.13547 at the same time last year.
This decline is part of a context where net foreign exchange assets are contracting: as of July 2, they stood at 22,850.8 million Tunisian dinars (Mtnd), down from 23,894.5 Mtnd a year earlier, equivalent to a 10-day decrease in import coverage (99 days currently compared to 109 in July 2024). This development directly affects the country's ability to stabilize its currency against the US dollar.
On the revenue side, two items continue to provide partial support: cumulative tourism receipts reached 3,028.5 Mtnd as of June 20, up 237.5 Mtnd from the previous month. Cumulative labor income also increased to 3,764.9 Mtnd, confirming the importance of diaspora transfers in cushioning external pressure.
