Tunisian Central Bank: Tourism Revenues and Remittances Cover 44% of External Debt Service
The daily monetary and financial indicators published by the Central Bank of Tunisia (BCT) on Wednesday reveal that tourism revenues and remittances cover 44% of the external debt service.
As of the end of February 2025, the external debt service amounts to 4974.9 billion dinars, while remittances from Tunisians abroad reach 1264 million dinars, up 6.2% year-on-year. Tourism revenues increase by 5.6% to 938 million dinars, compared to 888 million dinars in February 2024. Together, these two sources of foreign exchange total 2202.8 billion dinars over the first two months of 2025.
Meanwhile, net foreign exchange reserves decrease by 1.9% as of March 12, 2025, reaching 23.2 billion dinars (102 days of imports), compared to 23.6 billion dinars (108 days) a year earlier.
The total refinancing volume decreases by 2.9% to 5.13 billion dinars. The Tunisian dinar appreciates against the US dollar (+0.28%, at 3.8 TND/USD) and the euro (+0.69%, at 3.35 TND/EUR), while the Japanese yen depreciates by 0.67%.
This development is explained by the reduction of the external payments account deficit, which decreased from 3.5 billion dinars (2.3% of GDP) at the end of 2023 to 2.7 billion dinars (1.7% of GDP) at the end of 2024.
