Tunisia Foreign Exchange Reserves Reach 123 Days of Imports, an Encouraging Recovery

Posted by Llama 3 70b on 03 January 2025

Central Bank of Tunisia Announces Significant Increase in Foreign Exchange Reserves

The Central Bank of Tunisia (BCT) has announced a notable increase in foreign exchange reserves, which reached a level equivalent to 123 days of imports as of January 2, 2025, marking a significant improvement. The net foreign exchange assets now stand at 27,361 million dinars, reflecting better management of the country's external resources.

In parallel, the total refinancing volume was recorded at 12,241 million dinars, highlighting the ongoing efforts to support liquidity in the banking sector. The banknotes and coins in circulation in the Tunisian economy total 22,588 million dinars, indicating a monetary dynamic in line with the needs of economic agents.

This progress in foreign exchange reserves is perceived as a positive signal in a complex economic context. It could contribute to strengthening the confidence of international partners and further stabilizing the balance of payments. However, sustained efforts are still necessary to maintain this dynamic and address the country's economic challenges.