Central Bank of Tunisia Publishes Daily Monetary and Financial Indicators
Several key data points caught attention, particularly the decline in net foreign exchange reserves and the permanent lending facility granted to banks.
According to the Central Bank of Tunisia (BCT), net foreign exchange reserves plummeted to 22,672.6 million Tunisian dinars (Mtnd), compared to 23,444 Mtnd during the same period in 2024. This 771.4 Mtnd decrease corresponds to a loss of 8 days of imports, bringing the current stock down to 99 days, compared to 107 days a year ago.
Another notable fact is that the 24-hour permanent lending facility, which represents the amounts made available by the BCT to banks facing liquidity difficulties, surged to 1,547 Mtnd, compared to 690 Mtnd on the same date in 2024. This increased recourse to BCT loans translates to persistent liquidity strain. In contrast, the permanent facility, which corresponds to excess liquidity placed with the BCT, remained in negative territory at -1,166 Mtnd, down from -683 Mtnd a year earlier.
Furthermore, the total refinancing volume, which encompasses all the tools through which the BCT injects liquidity into the system, stood at 13,833.8 Mtnd, recording a slight decrease of 323.3 Mtnd year-over-year.
Finally, the benchmark rate remains stable at 7.5%, just like the market interest rate, which also stands at 7.5%, slightly below the 2024 levels (7.98%). This stability in rates may reflect a desire by the BCT to maintain its monetary stance despite growing imbalances in liquidity and foreign exchange reserves.
