Foreign Exchange Reserves: A Comfortable Situation Despite Challenges
At the beginning of 2024, there were significant concerns about the state's ability to mobilize foreign currency resources, particularly with the October 2025 deadline for repaying 50 billion yen looming. However, the situation remains comfortable today, despite the difficulties in borrowing money. This also reflects an economy that imports less and operates at half capacity.
As the money must be transferred at least two days in advance, the net foreign exchange assets recorded a decrease of 1,137 MTND on October 8 compared to October 7. In terms of import days, we are now at 111 days. The payment of the Japanese debt has therefore cost us 5 days of imports.
Foreign exchange reserves now stand at 24,516 MTND, a more than acceptable level at the end of the most complicated budget year in Tunisia's contemporary history. There are few external debts left to be repaid this year, and we can confirm that the chapter is closed for 2024, awaiting the next year's chapter.
